A Small-Sample Study of the New-Keynesian Macro Model

Seonghoon Cho and Antonio Moreno ()

No 03/05, Faculty Working Papers from School of Economics and Business Administration, University of Navarra

Abstract: This paper presents a small-sample study of the threeequation- 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. We show that, if we add first order autocorrelation to the error terms of the New- Keynesian model, this is only marginally rejected.

JEL-codes: C32 E32 E52 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2005-02-01
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Forthcoming, Journal of Money, Credit and Banking

Downloads: (external link)
http://www.unav.edu/documents/10174/6546776/1132756472_wp0305.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.unav.edu/documents/10174/6546776/1132756472_wp0305.pdf [301 Moved Permanently]--> https://www.unav.edu/documents/10174/6546776/1132756472_wp0305.pdf)

Related works:
Journal Article: A Small-Sample Study of the New-Keynesian Macro Model (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:una:unccee:wp0305

Access Statistics for this paper

More papers in Faculty Working Papers from School of Economics and Business Administration, University of Navarra
Bibliographic data for series maintained by ().