| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w3406 |
| 来源ID | Working Paper 3406 |
| P* Type Models: Evaluation and Forecasts | |
| Rowena A. Pecchenino; Robert H. Rasche | |
| 发表日期 | 1990-08-01 |
| 出版年 | 1990 |
| 语种 | 英语 |
| 摘要 | This paper critically evaluates the Federal Reserve's p* model of inflation, and develops a model of national income determination implicit in the p* formulation. We use this model to forecast the future paths of key macroeconomic variables and investigate its behavior under a variety of deterministic monetary policy rules. These forecasts and policy simulations suggest a dynamic economic behavior inconsistent with stylized facts, and lead us to question the underlying structure of the p* formulation. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w3406 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/560697 |
| 推荐引用方式 GB/T 7714 | Rowena A. Pecchenino,Robert H. Rasche. P* Type Models: Evaluation and Forecasts. 1990. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w3406.pdf（255KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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