Reply to "Generalizing the Taylor Principle: A Comment"
收藏NBER2009-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14919
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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
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美国国家经济研究局创建时间：
2009-04-01
