| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4882 |
| DP4882 Retirement Expectations, Pension Reforms and Their Effect on Private Wealth Accumulation | |
| Tullio Jappelli; Mario Padula; Renata Bottazzi | |
| 发表日期 | 2005-01-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We study identification in a class of linear rational expectations models. For any given exactly identified model, we provide an algorithm that generates a class of equivalent models that have the same reduced form. We use our algorithm to show that a model proposed by Benhabib and Farmer [1] is observationally equivalent to the standard new-Keynesian model when observed over a single policy regime. However, the two models have different implications for the design of an optimal policy rule. |
| 主题 | International Macroeconomics |
| 关键词 | Benhabib-farmer model New-keynesian model Indeterminacy Identification |
| URL | https://cepr.org/publications/dp4882 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533786 |
| 推荐引用方式 GB/T 7714 | Tullio Jappelli,Mario Padula,Renata Bottazzi. DP4882 Retirement Expectations, Pension Reforms and Their Effect on Private Wealth Accumulation. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
