Isard, Peter; Laxton, Douglas; Eliasson, Ann-Charlotte - In: International Tax and Public Finance 6 (1999) 4, pp. 537-577
a moderately nonlinear model with a time-varying NAIRU. Rules that perform well in linear models but implicitly embody …-correlated errors in estimating the NAIRU. This challenges the practice of evaluating policy rules within linear models, in which the …