Fuhrer, Jeffrey C. (contributor); … - 2002 - [Elektronische Ressource]
timing lags have been common in New Keynesian inflation equations (see Rudebusch 2002
and Mankiw and Reis 2001). Also, in … equation (2.2) and two unrestricted
vector autoregressive (VAR) equations for inflation and the funds rate, which represent the … VAR equations that “close” the system contain four lags, though results were robust to variation. The
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solved model can …