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New Keynesian Models: Not Yet Useful for Policy Analysis

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NBER2008-09-01 更新2025-01-04 收录
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Macroeconomists have largely converged on method, model design, reduced-form shocks, and principles of policy advice. Our main disagreements today are about implementing the methodology. Some think New Keynesian models are ready to be used for quarter-to-quarter quantitative policy advice; we do not

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2008-09-01
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