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~institution:"National Bureau of Economic Research (NBER)"
~institution:"National Bureau of Economic Research"
~person:"Gali, Jordi"
~subject:"Estimation"
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Predicting Inflation : Does Th...
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Gali, Jordi
Heckman, James J.
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Rose, Andrew K.
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Neumark, David
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Gruber, Jonathan
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Technology Shocks and Aggregate Fluctuations : How Well Does the RBS Model Fit Postwar U.S. Data?
Gali, Jordi
-
2004
Our answer: not so well. We reach that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the...
Persistent link: https://www.econbiz.de/10012468056
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The Science of Monetary Policy : A New Keynesian Perspective
Clarida, Richard
-
1999
. Among other things, we show that the optimal policy implicitly incorporates
inflation
targeting. We also characterize the … gains from making a credible commitment to fight
inflation
. In contrast to conventional wisdom, we show that gains from …
Persistent link: https://www.econbiz.de/10012471647
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