| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14313 |
| 来源ID | Working Paper 14313 |
| New Keynesian Models: Not Yet Useful for Policy Analysis | |
| V.V. Chari; Patrick J. Kehoe; Ellen R. McGrattan | |
| 发表日期 | 2008-09-05 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Macroeconomists have largely converged on method, model design, reduced-form shocks, and principles of policy advice. Our main disagreements today are about implementing the methodology. Some think New Keynesian models are ready to be used for quarter-to-quarter quantitative policy advice; we do not. Focusing on the state-of-the-art version of these models, we argue that some of its shocks and other features are not structural or consistent with microeconomic evidence. Since an accurate structural model is essential to reliably evaluate the effects of policies, we conclude that New Keynesian models are not yet useful for policy analysis. |
| 主题 | Macroeconomics ; Business Cycles ; Monetary Policy |
| URL | https://www.nber.org/papers/w14313 |
| 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/571983 |
| 推荐引用方式 GB/T 7714 | V.V. Chari,Patrick J. Kehoe,Ellen R. McGrattan. New Keynesian Models: Not Yet Useful for Policy Analysis. 2008. |
| 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 | ||
| w14313.pdf（324KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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