| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965786 | Journal of Macroeconomics | 2011 | 8 Pages |
Abstract
⺠This paper alters a standard model to include a forward-looking monetary policy and anticipated cost-push shocks. ⺠It shows that the modified model's data generating process will produce the price puzzle in the standard SVAR framework. ⺠Models ignoring these mechanisms may yield positive estimates for the presence of the cost channel or indeterminacy.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Pavel Kapinos,