Results 111 to 120 of about 49,442 (204)

A new (and old) macroeconomic policy framework

open access: yes, 2003
This paper proposes a framework built on the simple Keynesian Cross but recommends a non-Keynesian fiscal monetary policy mix. A fiscal policy conditions index and a monetary conditions index are proposed, to be compared to the full employment compatible
HO, Lok Sang
core  

The past, present, and future of macroeconomic forecasting [PDF]

open access: yes
Broadly defined, macroeconomic forecasting is alive and well. Nonstructural forecasting, which is based largely on reduced-form correlations, has always been well and continues to improve.
Francis X. Diebold
core  

Monetary policy indeterminacy in the U.S.: results from a classical test [PDF]

open access: yes
We work with a newly developed method to empirically assess whether a specified new-Keynesian business cycle monetary model estimated with U.S. quarterly data is consistent with a unique equilibrium or multiple equilibria under rational expectations.
Efrem Castelnuovo, Luca Fanelli
core   +1 more source

New Keynesian models: not yet useful for policy analysis [PDF]

open access: yes
In the 1970s macroeconomists often disagreed bitterly. Macroeconomists have now largely converged on method, model design, and macroeconomic policy advice. The disagreements that remain all stem from the practical implementation of the methodology.
Ellen R. McGrattan   +2 more
core  

Home - About - Disclaimer - Privacy