Journal Article
New Keynesian models and their fit to the data
Abstract: In this Economic Letter, we discuss the basic properties of hybrid New Keynesian models and examine the extent to which they successfully explain U.S. macroeconomic data.
Keywords: Keynesian economics; Econometric models; Monetary policy;
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Bibliographic Information
Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2004
Order Number: 17