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...
Main Authors: | , |
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Format: | Journal article |
Language: | English |
Published: |
Blackwell Publishing
2010
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