Financial Frictions, Aggregation, and the Lucas Critique

agent model; (ii) taste and technology parameters in the DSGE model are not policy invariant; (iii) fiscal policy predictions from the DSGE model are inaccurate.

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Year of publication:	2010
Authors:	Kim, Sun-Bin ; Schorfheide, Frank ; Chang, Yongsung
Institutions:	Society for Economic Dynamics - SED

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Extent:	application/pdf
Series:	2010 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2010 SED Meeting Papers Number 31
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011080843