Identification-robust minimum distance estimation of the new keynesian phillips curve.

Limited-information identification-robust methods on the indexation and price rigidity parameters of the New Keynesian Phillips Curve yield very wide confidence intervals. Full-information methods impose more restrictions on the reduced-form dynamics and thus make more efficient use of the informati...

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Bibliographic Details
Main Authors: Magnusson, L, Mavroeidis, S
Format: Journal article
Language:English
Published: Blackwell Publishing 2010