Bullard, James Brian (contributor); … - 2005
.Anexampleofajudgementaladjustmentissuggested
byReifschneider,etal. (1997),whentheydiscussthe“financialheadwinds”
that were thought to be inhibiting U.S. economic growth in the …)
Ourgoalistounderstandtheimplicationsofthisadd-factorjudgementon
the nature of equilibrium in the economy, and on the convergence of the ….
22
ECB
Working Paper Series No. 555
November 2005
In many applications it can be shown that there is convergence to …