JONDEAU, Eric; BIHAN, Hervé LE - In: Annales d'Economie et de Statistique (2002) 67-68, pp. 357-388
We estimate two small macroeconomic models with forward-looking components, for the US and Germany. The models, which include a Phillips curve, an I-S curve and a monetary policy rule, are estimated using the full-information maximum-likelihood procedure. They are shown to have some robustness...