Some International Evidence for Keynesian Economics without the Phillips Curve
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https://www.nber.org/papers/w25743
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资源简介：
Farmer and Nicol (2018) show that the Farmer Monetary (FM)- model outperforms the three-equation New-Keynesian (NK)-model in post war U.S. data. In this paper, we compare the marginal data density of the FM-model with marginal data densities for determinate and indeterminate versions of the NK-model
提供机构：
美国国家经济研究局
创建时间：
2019-04-01
