Casares, Miguel; Moreno, Antonio; Vázquez, Jesús - In: SERIEs - Journal of the Spanish Economic Association 3 (2012) 3, pp. 395-422
econometric approach, bothmodels are estimated with US quarterly data of the Great Moderation. Estimation results are similar in …-Keynesian model with sticky wages. Demand-side shocks play a more important role than technology innovations or cost-push shock in …