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- W2012304675 abstract "This paper presents a small-sample study of the three-equation-three variable New-Keynesian macro model. While the point estimates imply that the Fed has been stabilizing inflation fluctuations since 1980, our econometric analysis suggests considerable uncertainty regarding the stance of the Fed against inflation. The canonical New-Keynesian macro model is strongly rejected by the likelihood ratio test, but we propose the direction in which it needs to be modified in order to fit the data." @default.
- W2012304675 created "2016-06-24" @default.
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- W2012304675 date "2006-01-01" @default.
- W2012304675 modified "2023-10-10" @default.
- W2012304675 title "A Small-Sample Study of the New-Keynesian Macro Model" @default.
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- W2012304675 doi "https://doi.org/10.1353/mcb.2006.0078" @default.
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