Initial Expectations in New Keynesian Models with Learning
نویسندگان
چکیده
منابع مشابه
Initial Expectations in New Keynesian Models with Learning
This paper examines how the estimation results for a standard New Keynesian model with constant gain least squares learning is sensitive to the stance taken on agents beliefs at the beginning of the sample. The New Keynesian model is estimated under rational expectations and under learning with three di erent frameworks for how expectations are set at the beginning of the sample. The results sh...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1145416