Tchaidze, Robert R. (contributor) - 2002 - [Elektronische Ressource]
lagged fundamentals. This is based on the idea that a very
high degree of inertia in variables such as inflation and output … the public or not.
These shocks are calculated based on the Greenbook forecasts of inflation and output, and
thus … responds to inertial components of inflation and output gap as well as to expected
shocks, and then discusses empirical results …