Putting the New Keynesian Model to a Test /

In recent years, New Keynesian dynamic stochastic general equilibrium (NK DSGE) models have become increasingly popular in the academic literature and in policy analysis. However, the success of these models in reproducing the dynamic behavior of an economy following structural shocks is still dispu...

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Bibliographic Details
Main Author: Straub, Roland
Other Authors: Peersman, Gert
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:IMF Working Papers; Working Paper ; No. 2006/135
Online Access:Full text available on IMF