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~isPartOf:"Econometric Society 2004 North American Summer Meetings"
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China house price
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GMM estimator
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New Phillips curve
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Rational expectation bubble
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Ren, Yu
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House price bubbles in China
Ren, Yu
;
Xiong, Cong
;
Yuan, Yufei
- In:
China Economic Review
23
(
2012
)
4
,
pp. 786-800
In this paper, we apply the theory of
rational
expectation
bubbles proposed by Blanchard and Watson (1983) to the …
Persistent link: https://www.econbiz.de/10010591949
Saved in:
2
ML vs GMM Estimates of Hybrid Macroeconomic Models (With an Application to the "New Phillips Curve")
JONDEAU, Eric
;
BIHAN, Herve LE
-
Econometric Society
-
2004
Many macroeconomic models involve hybrid equations, in which some variables are a function of both their lags and their expected future value. The hybrid ``New Keynesian'' Phillips Curve is a prominent example. Estimates of such hybrid models have produced conflicting empirical results: Studies...
Persistent link: https://www.econbiz.de/10005702637
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