Matches in SemOpenAlex for { <https://semopenalex.org/work/W2157018506> ?p ?o ?g. }
Showing items 1 to 75 of
75
with 100 items per page.
- W2157018506 abstract "Using European panel data and GMM system estimation, we explore the empirical performance of the standard three-equation New Keynesian macro model under different informational assumptions. As a benchmark, we consider the performance of the model under rational expectations and revised (final) data. Alternatively, instead of imposing rational expectations hypothesis we use realtime information, ie Consensus Economics survey data, to generate empirical proxies for expectations in the model and the current output gap in the Taylor rule. We demonstrate that, contrary to the assumption of rational expectations, the errors in measured expectations and real-time current output gaps are positively autocorrelated. We produce evidence that the use of real-time variables (including measured expectations) improves the empirical performance of the New Keynesian model. Relaxation of the rational expectations hypothesis makes a noticeable difference for the parameters of the New Keynesian model, especially in the Taylor rule." @default.
- W2157018506 created "2016-06-24" @default.
- W2157018506 creator A5071682484 @default.
- W2157018506 date "2007-01-01" @default.
- W2157018506 modified "2023-10-06" @default.
- W2157018506 title "Estimating a Small DSGE Model under Rational and Measured Expectations: Some Comparisons" @default.
- W2157018506 cites W1481005446 @default.
- W2157018506 cites W1486636830 @default.
- W2157018506 cites W1512137231 @default.
- W2157018506 cites W1579181972 @default.
- W2157018506 cites W1954737426 @default.
- W2157018506 cites W2012304675 @default.
- W2157018506 cites W2014090027 @default.
- W2157018506 cites W2020619809 @default.
- W2157018506 cites W2059199803 @default.
- W2157018506 cites W2085263542 @default.
- W2157018506 cites W2108280297 @default.
- W2157018506 cites W2114519883 @default.
- W2157018506 cites W2118646427 @default.
- W2157018506 cites W2119680052 @default.
- W2157018506 cites W2134622247 @default.
- W2157018506 cites W2144706793 @default.
- W2157018506 cites W2159288702 @default.
- W2157018506 cites W2257187280 @default.
- W2157018506 cites W2964432269 @default.
- W2157018506 cites W3022712314 @default.
- W2157018506 cites W3023600347 @default.
- W2157018506 cites W3123892661 @default.
- W2157018506 cites W3124646405 @default.
- W2157018506 cites W3124765495 @default.
- W2157018506 cites W3124860641 @default.
- W2157018506 cites W3125450854 @default.
- W2157018506 cites W3126117251 @default.
- W2157018506 cites W4246420283 @default.
- W2157018506 cites W4247765758 @default.
- W2157018506 doi "https://doi.org/10.2139/ssrn.1018628" @default.
- W2157018506 hasPublicationYear "2007" @default.
- W2157018506 type Work @default.
- W2157018506 sameAs 2157018506 @default.
- W2157018506 citedByCount "5" @default.
- W2157018506 countsByYear W21570185062016 @default.
- W2157018506 countsByYear W21570185062023 @default.
- W2157018506 crossrefType "journal-article" @default.
- W2157018506 hasAuthorship W2157018506A5071682484 @default.
- W2157018506 hasBestOaLocation W21570185062 @default.
- W2157018506 hasConcept C126285488 @default.
- W2157018506 hasConcept C149782125 @default.
- W2157018506 hasConcept C162324750 @default.
- W2157018506 hasConcept C165556158 @default.
- W2157018506 hasConcept C489367 @default.
- W2157018506 hasConcept C96016098 @default.
- W2157018506 hasConceptScore W2157018506C126285488 @default.
- W2157018506 hasConceptScore W2157018506C149782125 @default.
- W2157018506 hasConceptScore W2157018506C162324750 @default.
- W2157018506 hasConceptScore W2157018506C165556158 @default.
- W2157018506 hasConceptScore W2157018506C489367 @default.
- W2157018506 hasConceptScore W2157018506C96016098 @default.
- W2157018506 hasLocation W21570185061 @default.
- W2157018506 hasLocation W21570185062 @default.
- W2157018506 hasOpenAccess W2157018506 @default.
- W2157018506 hasPrimaryLocation W21570185061 @default.
- W2157018506 hasRelatedWork W2053451812 @default.
- W2157018506 hasRelatedWork W2217493309 @default.
- W2157018506 hasRelatedWork W2260711880 @default.
- W2157018506 hasRelatedWork W2792351366 @default.
- W2157018506 hasRelatedWork W2793779139 @default.
- W2157018506 hasRelatedWork W2999858052 @default.
- W2157018506 hasRelatedWork W3121926925 @default.
- W2157018506 hasRelatedWork W3125979166 @default.
- W2157018506 hasRelatedWork W3175281924 @default.
- W2157018506 hasRelatedWork W3191149883 @default.
- W2157018506 isParatext "false" @default.
- W2157018506 isRetracted "false" @default.
- W2157018506 magId "2157018506" @default.
- W2157018506 workType "article" @default.