We work with a newly developed method to empirically assess whether a specified new-Keynesian business cycle monetary model estimated with U.S. quarterly data is consistent with a unique equilibrium or multiple equilibria under rational expectations.
Monetary Policy Indeterminacy in the U.S.: Results from a Classical Test / L. Fanelli; E. Castelnuovo. - ELETTRONICO. - (2011), pp. 1-33.
Monetary Policy Indeterminacy in the U.S.: Results from a Classical Test
FANELLI, LUCA;CASTELNUOVO, EFREM
2011
Abstract
We work with a newly developed method to empirically assess whether a specified new-Keynesian business cycle monetary model estimated with U.S. quarterly data is consistent with a unique equilibrium or multiple equilibria under rational expectations.File in questo prodotto:
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