Observed inflation forecasts and the new Keynesian macro model

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 112
Issue: 1
Pages: 88-90

Authors (3)

Kortelainen, Mika (not in RePEc) Paloviita, Maritta (Suomen Pankki) Viren, Matti (not in RePEc)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

This paper compares the GMM and measured expectations in estimating the conventional New Keynesian macro model for the Euro area and the United States. The use of measured expectations strongly reduces the importance of lagged output and inflation terms.

Technical Details

RePEc Handle
repec:eee:ecolet:v:112:y:2011:i:1:p:88-90
Journal Field
General
Author Count
3
Added to Database
2026-01-28