Showing 1 - 10 of 142
Persistent link: https://www.econbiz.de/10003868001
"So-called 'spurious regression' relationships between random-walk (or strongly autoregressive) variables are generally accompanied by clear signs of severe autocorrelation in their residuals. A conscientious researcher would therefore not end an investigation with such a result, but would...
Persistent link: https://www.econbiz.de/10003933920
Persistent link: https://www.econbiz.de/10009574032
Persistent link: https://www.econbiz.de/10009623520
Persistent link: https://www.econbiz.de/10011532048
"Should central banks, because of the zero-lower-bound problem, raise their inflation-rate targets? Several arguments are relevant. (1) In the absence of the ZLB, the optimal steady-state inflation rate, according to standard New Keynesian reasoning, lies between the Friedman-rule value of...
Persistent link: https://www.econbiz.de/10009129688
Persistent link: https://www.econbiz.de/10011574077
Persistent link: https://www.econbiz.de/10011367080
Persistent link: https://www.econbiz.de/10009626166
Persistent link: https://www.econbiz.de/10011578185