أعرض تسجيلة المادة بشكل مبسط

dc.creator Juselius, Mikael
dc.date 2008
dc.date.accessioned 2013-10-16T06:58:01Z
dc.date.available 2013-10-16T06:58:01Z
dc.date.issued 2013-10-16
dc.identifier Economics: The Open-Access, Open-Assessment E-Journal 2 2008-24 1-26 doi:10.5018/economics-ejournal.ja.2008-24
dc.identifier http://hdl.handle.net/10419/18037
dc.identifier ppn:572548109
dc.identifier http://www.economics-ejournal.org/economics/journalarticles/2008-24
dc.identifier RePEc:zbw:ifweej:7350
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18037
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 - The Open-Access, Open-Assessment E-Journal 2008-24
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:article
dc.coverage 1970-2003
dc.coverage 1960-2005


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أعرض تسجيلة المادة بشكل مبسط