Negro, Marco Del; Schorfheide, Frank - In: Journal of the European Economic Association 3 (2005) 2-3, pp. 434-443
This paper uses a novel method for conducting policy analysis with potentially misspecified DSGE models and applies it to a simple New Keynesian DSGE model. We illustrate the sensitivity of the results to assumptions on the policy invariance of model misspecifications. (JEL: C32, E52) Copyright...
