Rejoinder.
Journal of Business and Economic Statistics. July 1, 2009, 27(3): 331-339. doi:10.1198/jbes.2009.08350. In our article, we explain that the coefficients of the NKPC are not identified when λ = 0. For analytical tractability, our identification analysis was based on the pure forward-looking version of...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2009
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| _version_ | 1826287099178909696 |
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| author | Kleibergen, F Mavroeidis, S |
| author_facet | Kleibergen, F Mavroeidis, S |
| author_sort | Kleibergen, F |
| collection | OXFORD |
| description | Journal of Business and Economic Statistics. July 1, 2009, 27(3): 331-339. doi:10.1198/jbes.2009.08350. In our article, we explain that the coefficients of the NKPC are not identified when λ = 0. For analytical tractability, our identification analysis was based on the pure forward-looking version of the NKPC but the result also applies to the hybrid version [γb = 0 in Equation (2) in the article]; see, for example, Mavroeidis (2006). |
| first_indexed | 2024-03-07T01:53:33Z |
| format | Journal article |
| id | oxford-uuid:9af2d805-416f-4a62-a4f9-580c4a376c71 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T01:53:33Z |
| publishDate | 2009 |
| record_format | dspace |
| spelling | oxford-uuid:9af2d805-416f-4a62-a4f9-580c4a376c712022-03-27T00:25:02ZRejoinder.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:9af2d805-416f-4a62-a4f9-580c4a376c71EnglishDepartment of Economics - ePrints2009Kleibergen, FMavroeidis, SJournal of Business and Economic Statistics. July 1, 2009, 27(3): 331-339. doi:10.1198/jbes.2009.08350. In our article, we explain that the coefficients of the NKPC are not identified when λ = 0. For analytical tractability, our identification analysis was based on the pure forward-looking version of the NKPC but the result also applies to the hybrid version [γb = 0 in Equation (2) in the article]; see, for example, Mavroeidis (2006). |
| spellingShingle | Kleibergen, F Mavroeidis, S Rejoinder. |
| title | Rejoinder. |
| title_full | Rejoinder. |
| title_fullStr | Rejoinder. |
| title_full_unstemmed | Rejoinder. |
| title_short | Rejoinder. |
| title_sort | rejoinder |
| work_keys_str_mv | AT kleibergenf rejoinder AT mavroeidiss rejoinder |