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hypothesis suffers from lack of identification because Phillips curve nonlinearity combined with quadratic central bank …
Persistent link: https://www.econbiz.de/10010322781
We propose a numerical method, based on indirect inference, for checking the identification of a DSGE model. Monte …
Persistent link: https://www.econbiz.de/10010397720
the identification problem involved by setting up the FTPL as a structural model for the episode and pitting it against an …
Persistent link: https://www.econbiz.de/10010504445
the identification problem involved by setting up the FTPL as a structural model for the episode and pitting it against an …
Persistent link: https://www.econbiz.de/10010504447
Persistent link: https://www.econbiz.de/10009760692
the identification problem involved by setting up the FTPL as a structural model for the episode and pitting it against an …
Persistent link: https://www.econbiz.de/10010202214
the identification problem involved by setting up the FTPL as a structural model for the episode and pitting it against an …
Persistent link: https://www.econbiz.de/10010413736
Persistent link: https://www.econbiz.de/10011647336
Persistent link: https://www.econbiz.de/10011817216
We compare three standard New Keynesian models differing only in their representations of monetary policy—the Optimal Timeless Rule, the original Taylor Rule and another with ‘interest rate smoothing’—with the aim of testing which if any can match the data according to the method of...
Persistent link: https://www.econbiz.de/10011048809