Benati, Luca (contributor); Surico, Paolo (contributor) - 2008
variances for all series, and decreases in the variances of inflation and the output gap, ithout any need of sunspot shocks … in the theoretical
innovation variances for all series, and decreases in the variances of in ation
and the output gap … (ii) decreases in the variances
of in ation and the output gap, as a simple implication of the Lucas (1976) critique,
and …