Real-time rational expectations and indeterminacy

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 3
Pages: 530-533

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

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

Abstract

This paper uses the technique of Lubik and Schorfheide [Lubik, T., Schorfheide, F., 2004. Testing for indeterminacy: an application to U.S. monetary policy. The American Economic Review 94 (1), 190-217] to test for indeterminacy in a New Keynesian Model. Using real-time, instead of revised data on the output gap, the results suggest indeterminacy both before 1979 and after 1982.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:3:p:530-533
Journal Field
General
Author Count
1
Added to Database
2026-01-29