Reply to "Generalizing the Taylor Principle: A Comment"
收藏NBER2009-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14919
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资源简介：
Farmer, Waggoner, and Zha (2009) show that a new Keynesian model with a regime-switching monetary policy rule can support multiple solutions that depend only on the fundamental shocks in the model. Their note appears to find solutions in regions of the parameter space where there should be no
提供机构：
美国国家经济研究局
创建时间：
2009-04-01
