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The tale of the donkey and the elephant : an estimated optimal fiscal policy rule for the US

Sacht, Stephen - In: Applied economics letters 29 (2022) 4, pp. 351-354

Persistent link: https://www.econbiz.de/10012803542

Moment matching versus Bayesian estimation : backward-looking behaviour in a New-Keynesian baseline model

Franke, Reiner; Jang, Tae-Seok; Sacht, Stephen - In: The North American journal of economics and finance : a … 31 (2015), pp. 126-154

Persistent link: https://www.econbiz.de/10011511069

Animal spirits and the business cycle : empirical evidence from moment matching

Jang, Tae-Seok; Sacht, Stephen - In: Metroeconomica : international review of economics 67 (2016) 1, pp. 76-113

Persistent link: https://www.econbiz.de/10011498653

Forecast heuristics, consumer expectations, and New-Keynesian macroeconomics : a horse race

Jang, Tae-Seok; Sacht, Stephen - In: Journal of economic behavior & organization : JEBO 182 (2021), pp. 493-511

Persistent link: https://www.econbiz.de/10012598457

Estimating a high-frequency New-Keynesian Phillips curve

Ahrens, Steffen; Sacht, Stephen - In: Empirical Economics 46 (2014) 2, pp. 607-628

This paper estimates a high-frequency New-Keynesian Phillips curve via the generalized method of moments. Allowing for higher-than-usual frequencies strongly mitigates the problems of small-sample bias and structural breaks. Applying a daily frequency allows us to obtain estimates for the Calvo...

Persistent link: https://www.econbiz.de/10010994432

SOME OBSERVATIONS ON THE HIGH-FREQUENCY VERSIONS OF A STANDARD NEW-KEYNESIAN MODEL

Franke, Reiner; Sacht, Stephen - In: Bulletin of Economic Research 66 (2014) 1, pp. 72-94

Persistent link: https://www.econbiz.de/10010728494

Estimation of heuristic switching in behavioral macroeconomic models

Kukacka, Jiri; Sacht, Stephen - In: Journal of economic dynamics & control 146 (2023), pp. 1-18

Persistent link: https://www.econbiz.de/10014478500

Moment matching versus Bayesian estimation: Backward-looking behaviour in a New-Keynesian baseline model

Franke, Reiner; Jang, Tae-Seok; Sacht, Stephen - In: The North American Journal of Economics and Finance 31 (2015) C, pp. 126-154

The paper considers an elementary New-Keynesian three-equation model and compares its Bayesian estimation based on conventional priors to the results from the method of moments (MM), which seeks to match a finite set of the model-generated second moments of inflation, output and the interest...

Persistent link: https://www.econbiz.de/10011191058