Mavroeidis, Sophocles; Hendry, David - 2002
-looking models with rational expectations. Two important examples are found in Clarida, Gali, and Gertler (1998) for the estimation … of forward- looking Taylor rules and in Gali and Gertler (1999) for the estimation of a forward-looking model for … inflation dynamics. In this thesis, we address the issues of identification which have been overlooked due to the incompleteness …