does not hold, however). A main finding is that the UK data seem to be broadly consistent with additive separability for … forward-looking IS curve for the UK, building on the theoretical framework of Ireland (2004). To do this, we test for additive … separability between consumption and money over a sizeable part of the post-ERM period using non-parametric methods. If consumption …

does not hold, however). A main finding is that the UK data seem to be broadly consistent with additive separability for … forward-looking IS curve for the UK, building on the theoretical framework of Ireland (2004). To do this, we test for additive … separability between consumption and money over a sizeable part of the post-ERM period using non-parametric methods. If consumption …

separable. Myopic separability requires neither additive separability nor logarithmic period utility. As an application, we …

variable affecting selection, but not the outcome) and (ii) additive separability of the errors in the selection process. This … exclusion restriction and additive separability imply two testable inequality constraints that come from both point identifying …

We propose a numerical test of the non-parametric conditions for additive separability between consumption and real … money balances, building on Varian (1983). If additive separability is rejected, then real balances enter into the … the IS curve. We find that additive separability is violated over this sample period. After 1992, however, violations …

We propose a numerical test of the non-parametric conditions for additive separability between consumption and real … money balances, building on Varian (1983). If additive separability is rejected, then real balances enter into the … the IS curve. We find that additive separability is violated over this sample period. After 1992, however, violations …