Unemployment in an Estimated New Keynesian Model
收藏NBER2011-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17084
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资源简介：
We reformulate the Smets-Wouters (2007) framework by embedding the theory of unemployment proposed in Gal (2011a,b). We estimate the resulting model using postwar U.S. data, while treating the unemployment rate as an additional observable variable. Our approach overcomes the lack of identification
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美国国家经济研究局创建时间：
2011-05-01
