Rudebusch, Glenn D. (contributor) - 2002 - [Elektronische Ressource]
Assessing the Lucas Critique in Monetary Policy Models
Glenn D. Rudebusch
∗
Federal Reserve Bank of San Francisco
June … 2002
first draft, February 2002
Abstract
Empirical estimates of monetary policy rules suggest that the behavior of U … recent estimates of the monetary
policy rule using postwar U.S. data on a short-term interest rate, output, and inflation …