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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17995Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Juselius, Mikael | - |
| dc.date | 2008 | - |
| dc.date.accessioned | 2013-10-16T06:57:51Z | - |
| dc.date.available | 2013-10-16T06:57:51Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/17995 | - |
| dc.identifier | ppn:566698021 | - |
| dc.identifier | RePEc:zbw:ifwedp:7285 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17995 | - |
| dc.description | I apply the Johansen and Swensen (1999, 2004) method of testing exact rational expectations within the cointegrated VAR (Vector Auto-Regressive) model, to testing the New Keynesian (NK) model. This method permits the testing of rational expectation systems, while allowing for non-stationary data. The NK-model is tested on quarterly U.S. and Euro area time series data. I find that the restrictions implied by the core equations of the NK-model are rejected regardless of sample periods or measures of real marginal costs. I also provide a tentative explanation of the results favored by previous researches. | - |
| dc.language | eng | - |
| dc.publisher | Kiel Institute for the World Economy (IfW) Kiel | - |
| dc.relation | Economics Discussion Papers / Institut für Weltwirtschaft 2008-23 | - |
| dc.rights | http://creativecommons.org/licenses/by-nc/2.0/de/deed.en | - |
| dc.subject | C52 | - |
| dc.subject | E52 | - |
| dc.subject | E31 | - |
| dc.subject | C32 | - |
| dc.subject | ddc:330 | - |
| dc.subject | New Keynesian Phillips curve | - |
| dc.subject | cointegration | - |
| dc.subject | vector autoregressive model | - |
| dc.subject | New-Keynesian Phillips Curve | - |
| dc.subject | Rationale Erwartung | - |
| dc.subject | Kointegration | - |
| dc.subject | VAR-Modell | - |
| dc.subject | Schätzung | - |
| dc.subject | USA | - |
| dc.subject | EU-Staaten | - |
| dc.title | Testing the New Keynesian Model on U.S. and Euro Area Data | - |
| dc.type | doc-type:workingPaper | - |
| dc.coverage | 1970-2003 | - |
| dc.coverage | 1960-2005 | - |
| Appears in Collections: | EconStor | |
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