Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10003556139
Persistent link: https://www.econbiz.de/10002793223
In practice, the expectations theory of the term structure is employed extensively in monetary policy analysis despite its empirical failure. This paper performs a conditional test of the theory that is directly relevant to monetary theory and policy. It finds that the theory holds quite well...
Persistent link: https://www.econbiz.de/10012778440
Recent studies using long-run restrictions question the validity of the technology-driven real business cycle hypothesis. We propose an alternative identification that maximizes the contribution of technology shocks to the forecast-error variance of labor productivity at a long, but finite,...
Persistent link: https://www.econbiz.de/10012712670
Recent studies using long-run restrictions question the validity of the technology driven real business cycle hypothesis. We propose an alternative identification that maximizes the contribution of technology shocks to the forecast-error variance of labor productivity at a long, but finite,...
Persistent link: https://www.econbiz.de/10014065361
Persistent link: https://www.econbiz.de/10001242081
Persistent link: https://www.econbiz.de/10003755033
Persistent link: https://www.econbiz.de/10003548949
Persistent link: https://www.econbiz.de/10009259805
Persistent link: https://www.econbiz.de/10003736213