Estimating the Long-Run Relationship Between Interest Rates and Inflation: A Response to McCallum
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This note demonstrates that Bennett McCallum's recent critique of low frequency estimates of macro-economic relationships is of little empirical significance. It also demonstrates that readily available and frequently used techniques can be used to diagnose the problem McCallum raises. Finally, it
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美国国家经济研究局创建时间：
1984-09-01
