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Recent Changes in Macro Policy and Its Effects: Some Time Series Evidence
Macro Policy Series Evidence
2015/8/4
Recent Changes in Macro Policy and Its Effects: Some Time Series Evidence.
Estimation and Solution of Linear Rational Expectations Models Using a Polynomial Matrix Factorization
Linear Rational Expectations Models Polynomial Matrix Factorization
2015/8/4
Estimation and Solution of Linear Rational Expectations Models Using a Polynomial Matrix Factorization.
Rational Expectations Models in Macroeconomics.
International Coordination in the Design of Macroeconomic Policy Rules
International Coordination Macroeconomic Policy Rules
2015/8/4
The paper examines international issues that arise in the design and evaluation of macroeconomic
policy rules. It begins with a theoretical investigation of the effects of fiscal and
monetary policy...
New Econometric Approaches to Stabilization Policy in Stochastic Models of Macroeconomic Fluctuations
Stochastic Models Macroeconomic Fluctuations
2015/8/4
During the last 15 years econometric techniques for evaluating macroeconomic
policy using dynamic stochastic models in which expectations are consistent, or
rational, have been developed extensively...
Improvements in Macroeconomic Stability: The Role of Wages and Prices
Improvements Macroeconomic Stability
2015/8/4
Improvements in Macroeconomic Stability: The Role of Wages and Prices.
My assignment for this paper is to provide an up-to-date review of the
rational expectations debate about whether activist monetary and fiscal
policies can improve macroeconomic performance. Prepari...
The Role of Contracts in Macroeconomic Performance.
The Current Account and Macroeconomic Policy: An Econometric Analysis
Macroeconomic Policy Econometric Analysis
2015/8/4
The Current Account and Macroeconomic Policy: An Econometric Analysis.
Synchronized Wage Determination and Macroeconomic Performance in Japan
Synchronized Wage Determination Macroeconomic Performance
2015/8/4
Synchronized Wage Determination and Macroeconomic Performance in Japan.
Differences in Economic Fluctuations in Japan, the U.S. and Europe: The Role of Nominal Rigidities
Economic Fluctuations Nominal Rigidities
2015/8/4
This paper examines the differences between economic fluctuations in the
United States and Japan during the period from 1972 through 1986. During this
period the size of the fluctuations in real out...
Historians of economic thought frequently use
'revolution' or 'counter-revolution' to highlight
fundamental changes in economic thinking. A
reader of any one of the tnany surveys of
macroeconomic ...
Solving Stochastic Equilibrium Models with the Extended Path Method
Capital asset pricing Rational expectations Solution algorithm
2015/8/4
The purpose of this paper is to investigate the
feasibility of using the extended path method - described
in Fair and Taylor [ 23 - to solve capital asset pricing.
This method is now being used rat...
Full Information Estimation and Stochastic Simulation of Models with Rational Expectations
Full Information Estimation Stochastic Simulation
2015/8/4
A computationally feasible method for the full information maximum-likelihood estimation of models
with rational expectations is described in this paper. The stochastic simulation of such models is a...
Synchronized Wage Determination and Macroeconomic Performance in Seven Large Countries
Macroeconomic Performance Seven Large Countries
2015/8/4
Synchronized Wage Determination and Macroeconomic Performance in Seven Large Countries.