Páez-Farrell, Juan (contributor) - 2006
policy analysis. This includes models that incorporate the
New Keynesian, Fuhrer-Moore and backward-looking Phillips curves … is at odds with the data. The fact that New Keynesian models yield
counterfactual implications is not new; the novelty … the model and
their relationship with their empirical counterparts the current New Keynesian (NK)
methodology tries to …