Purpose – The purpose of this paper is to test whether entrepreneurship is a significant factor in explaining economic growth at the state level. Design/methodology/approach – This paper, unlike previous work, uses the Kauffman Index of Entrepreneurial Activity (KIEA) as the measure of...

There is substantial research effort devoted to identifying a sufficient statistic for monetary policy. The purpose of this paper is to broaden the scope of the on-going investigation along three dimensions. First, we follow up the Rudebusch-Svensson claim of parameter instability in the output...