Juselius, Mikael (contributor) - 2008
expectation systems, while allowing for non-stationary data. The NK-model is tested on quarterly U.S. and Euro area time series … Juselius
Testing the New Keynesian Model
on U.S. and Euro Area Data
Mikael Juselius
Swedish School of Economics, and … quarterly U.S. and Euro area time series data. I find that the
restrictions implied by the core equations of the NK-model are …