Revisiting the Great Moderation : policy or luck?

DOI10.1007/s11079-014-9319-7zbMath1412.91187OpenAlexW2240903289WikidataQ115146039 ScholiaQ115146039MaRDI QIDQ2416113

Patrick Minford, Zhirong Ou, Michael Wickens

Publication date: 23 May 2019

Published in: Open Economies Review (Search for Journal in Brave)

Full work available at URL: http://orca.cf.ac.uk/66293/1/USpostwarmoneyandshocksREVNEW7d.pdf

zbMATH Keywords

indirect inferencetestWald statisticscausesGreat Moderation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Related Items (1)

Testing macro models by indirect inference: a survey for users

Uses Software

• ASA
• bvarsv

Cites Work

• Unnamed Item
• Are interest rate regressions evidence for a Taylor rule?
• The welfare loss from unstable inflation
• The Efficient Estimation of Econometric Models with Rational Expectations
• Sufficient Linear Structures: Econometric Applications
• Optimal Interest-Rate Smoothing
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Estimating and Testing Structural Changes in Multivariate Regressions
• Time Varying Structural Vector Autoregressions and Monetary Policy

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