Goodhart, Charles A. E.; Hofmann, Boris - In: CESifo economic studies : CESifo, a joint initiative of … 51 (2005) 4, pp. 757-775
In this paper we assess the empirical performance of commonly used empirical specifications of the baseline New Keynesian model for the US and the euro area. We estimate standard specifications of the model and extended specifications also including non-standard determinants of aggregate supply...
