| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5083901 | International Review of Economics & Finance | 2012 | 15 Pages |
Abstract
⺠A version of the New Keynesian model with revision processes of data is analyzed. ⺠The role of data revisions on the estimated policy parameters is assessed. ⺠Results show that real-time data of output and inflation are not rational forecasts. ⺠Ignoring this feature is not a serious drawback for monetary policy analysis. ⺠Transmission of inflation-push shocks is affected by considering data revisions.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jesús Vázquez, Ramón MarÃa-Dolores, Juan M. Londoño,