. However, estimation across rolling windows indicates that the inflation and output preferences of the Fed have varied signi …

parameters if a suitable set of observable variables are included in the estimation. These findings suggest that we can learn a … a classical viewpoint, ML estimation leads to a significant improvement in fit relative to the log-likelihood computed …

estimation provides substantial evidence that the inflation and output preferences of the Fed have varied through time … attribute these mixed estimation results to a raft of empirical issues from which many existing studies suffer, including bias … the operation of a Taylor-type rule, albeit with considerable inertia. We argue that estimation across rolling windows may …

into the determinants of business cycles before and during the Great Moderation. Via Bayesian estimation we determine the …

finite sample properties of the Lasso by deriving upper bounds on the estimation and prediction errors that are valid with …