Testing for indeterminacy: an application to U.S. monetary policy
Article Abstract:
A prototypical New Keynesian model is used to see the equilibrium in monetary policy in the U.S. It is found that the monetary policy after 1982 is consistent but before 1979 it remained quite inconsistent.
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2004
Keynesian economics
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2004
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Testing for indeterminacy: an application to U.S. monetary policy: reply
Article Abstract:
Various tests of indeterminacy were applied in identifying uncertainty in the U.S. monetary policy and the underlying economic consequences.
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2007
Government expenditures, Usage, Economic policy, Bayesian statistical decision theory, Bayesian analysis
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2007
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Computing sunspot equilibria in linear rational expectations models
Article Abstract:
The evaluation of equilibria in linear rational expectations models is provided.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2003
Rational expectations (Economics)
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2003
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Subjects list: Models, United States, Analysis, Monetary policy, Equilibrium (Economics)
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