메뉴 건너뛰기




Volumn 70, Issue , 2015, Pages 51-71

Macroeconomic regimes

Author keywords

Determinacy in MS DSGE models; Great Moderation; Markov switching (MS) DSGE models; Monetary policy; Survey expectations

Indexed keywords


EID: 84926351895     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2014.09.003     Document Type: Article
Times cited : (51)

References (70)
  • 1
    • 78651080877 scopus 로고    scopus 로고
    • Inflation dynamics and subjective expectations in the United States
    • Adam K., Padula M. Inflation dynamics and subjective expectations in the United States. Econ. Inq. 2011, 49(1):13-25.
    • (2011) Econ. Inq. , vol.49 , Issue.1 , pp. 13-25
    • Adam, K.1    Padula, M.2
  • 2
    • 84888360773 scopus 로고    scopus 로고
    • Inattentive professional forecasters
    • Andrade P., Le Bihan H. Inattentive professional forecasters. J. Monet. Econ. 2013, 60(8):967-982.
    • (2013) J. Monet. Econ. , vol.60 , Issue.8 , pp. 967-982
    • Andrade, P.1    Le Bihan, H.2
  • 3
    • 0036198446 scopus 로고    scopus 로고
    • Short rate nonlinearities and regime switches
    • Ang A., Bekaert G. Short rate nonlinearities and regime switches. J. Econ. Dyn. Control 2002, 26(7-8):1243-1274.
    • (2002) J. Econ. Dyn. Control , vol.26 , Issue.7-8 , pp. 1243-1274
    • Ang, A.1    Bekaert, G.2
  • 4
    • 34247346581 scopus 로고    scopus 로고
    • Do macro variables, asset markets or surveys forecast inflation better?
    • Ang A., Bekaert G., Wei M. Do macro variables, asset markets or surveys forecast inflation better?. J. Monet. Econ. 2007, 54:1163-1212.
    • (2007) J. Monet. Econ. , vol.54 , pp. 1163-1212
    • Ang, A.1    Bekaert, G.2    Wei, M.3
  • 5
    • 79953320626 scopus 로고    scopus 로고
    • Monetary policy shifts and the term structure
    • Ang A., Boivin J., Dong S., Loo-Kung R. Monetary policy shifts and the term structure. Rev. Econ. Stud. 2010, 78(2):429-457.
    • (2010) Rev. Econ. Stud. , vol.78 , Issue.2 , pp. 429-457
    • Ang, A.1    Boivin, J.2    Dong, S.3    Loo-Kung, R.4
  • 6
    • 73449136869 scopus 로고    scopus 로고
    • New-Keynesian macroeconomics and the term structure
    • Bekaert G., Cho S., Moreno A. New-Keynesian macroeconomics and the term structure. J. Money, Credit, Bank. 2010, 42(1):33-62.
    • (2010) J. Money, Credit, Bank. , vol.42 , Issue.1 , pp. 33-62
    • Bekaert, G.1    Cho, S.2    Moreno, A.3
  • 7
    • 84886398751 scopus 로고    scopus 로고
    • Risk, uncertainty, and monetary policy
    • Bekaert G., Hoerova M., Lo Duca M. Risk, uncertainty, and monetary policy. J. Monet. Econ. 2013, 60(7):771-788.
    • (2013) J. Monet. Econ. , vol.60 , Issue.7 , pp. 771-788
    • Bekaert, G.1    Hoerova, M.2    Lo Duca, M.3
  • 8
    • 45849130081 scopus 로고    scopus 로고
    • Investigating inflation persistence across monetary regimes
    • Benati L. Investigating inflation persistence across monetary regimes. Q. J. Econ. 2008, 123(3):1005-1060.
    • (2008) Q. J. Econ. , vol.123 , Issue.3 , pp. 1005-1060
    • Benati, L.1
  • 9
    • 74349127207 scopus 로고    scopus 로고
    • Var analysis and the great moderation
    • Benati L., Surico P. Var analysis and the great moderation. Am. Econ. Rev. 2009, 99:1636-1652.
    • (2009) Am. Econ. Rev. , vol.99 , pp. 1636-1652
    • Benati, L.1    Surico, P.2
  • 10
    • 84902348405 scopus 로고    scopus 로고
    • A Note on Regime Switching, Monetary Policy, and Multiple Equilibria
    • NBER Working
    • Benhabib, J., 2009. A Note on Regime Switching, Monetary Policy, and Multiple Equilibria. NBER Working, pp. 14770.
    • (2009) , pp. 14770
    • Benhabib, J.1
  • 11
    • 78650251584 scopus 로고    scopus 로고
    • Monetary policy and the housing bubble
    • In: Speech at the Annual Meeting of the American Economic Association, Atlanta, Georgia
    • Bernanke, B., 2010. Monetary policy and the housing bubble. In: Speech at the Annual Meeting of the American Economic Association, Atlanta, Georgia.
    • (2010)
    • Bernanke, B.1
  • 12
    • 84877060234 scopus 로고    scopus 로고
    • Regime switches, agent[U+05F3]s beliefs, and post-world war II U.S. macroeconomic dynamics
    • Bianchi F. Regime switches, agent[U+05F3]s beliefs, and post-world war II U.S. macroeconomic dynamics. Rev. Econ. Stud. 2013, 80(2):463-490.
    • (2013) Rev. Econ. Stud. , vol.80 , Issue.2 , pp. 463-490
    • Bianchi, F.1
  • 13
    • 84875365948 scopus 로고    scopus 로고
    • Monetary policy regimes and the term structure of interest rates
    • Bikbov R., Chernov M. Monetary policy regimes and the term structure of interest rates. J. Econ. 2013, 174(1):27-43.
    • (2013) J. Econ. , vol.174 , Issue.1 , pp. 27-43
    • Bikbov, R.1    Chernov, M.2
  • 14
    • 0035628153 scopus 로고    scopus 로고
    • The long and large decline in us output volatility
    • Blanchard, O., Simon, J., 2001. The long and large decline in us output volatility. Brook. Pap. Econ. Act. (1), 135-174.
    • (2001) Brook. Pap. Econ. Act. , Issue.1 , pp. 135-174
    • Blanchard, O.1    Simon, J.2
  • 15
    • 33747053961 scopus 로고    scopus 로고
    • Has US monetary policy changed? evidence from drifting coefficients and real-time data
    • Boivin J. Has US monetary policy changed? evidence from drifting coefficients and real-time data. J. Money, Credit, Bank. 2006, 38(5):1149-1173.
    • (2006) J. Money, Credit, Bank. , vol.38 , Issue.5 , pp. 1149-1173
    • Boivin, J.1
  • 16
    • 33749670888 scopus 로고    scopus 로고
    • Has monetary policy become more effective?
    • Boivin J., Giannoni M.P. Has monetary policy become more effective?. Rev. Econ. Stat. 2006, 88(3):445-462.
    • (2006) Rev. Econ. Stat. , vol.88 , Issue.3 , pp. 445-462
    • Boivin, J.1    Giannoni, M.P.2
  • 17
    • 84926345102 scopus 로고    scopus 로고
    • Optimal monetary policy in a data-rich environment
    • NBER Working Paper No. 12772.
    • Boivin, J., Giannoni, M.P., 2006b. Optimal monetary policy in a data-rich environment. NBER Working Paper No. 12772.
    • (2006)
    • Boivin, J.1    Giannoni, M.P.2
  • 18
    • 84919753964 scopus 로고    scopus 로고
    • Characterizing Markov-switching rational expectations models
    • Working Paper
    • Cho, S., 2014. Characterizing Markov-switching rational expectations models. Working Paper.
    • (2014)
    • Cho, S.1
  • 19
    • 33748569481 scopus 로고    scopus 로고
    • A small-sample study of the New-Keynesian macro model
    • Cho S., Moreno A. A small-sample study of the New-Keynesian macro model. J. Money, Credit, Bank. 2006, 38(6):1461-1482.
    • (2006) J. Money, Credit, Bank. , vol.38 , Issue.6 , pp. 1461-1482
    • Cho, S.1    Moreno, A.2
  • 20
    • 78650251408 scopus 로고    scopus 로고
    • The forward method as a solution refinement in rational expectations models
    • Cho S., Moreno A. The forward method as a solution refinement in rational expectations models. J. Econ. Dyn. Control 2011, 35(3):257-327.
    • (2011) J. Econ. Dyn. Control , vol.35 , Issue.3 , pp. 257-327
    • Cho, S.1    Moreno, A.2
  • 21
    • 0040364531 scopus 로고    scopus 로고
    • The science of monetary policy. a new Keynesian perspective
    • Clarida R., Galí J., Gertler M. The science of monetary policy. a new Keynesian perspective. J. Econ. Lit. 1999, 37(4):1661-1707.
    • (1999) J. Econ. Lit. , vol.37 , Issue.4 , pp. 1661-1707
    • Clarida, R.1    Galí, J.2    Gertler, M.3
  • 22
    • 16244417799 scopus 로고    scopus 로고
    • Drifts and volatilities. monetary policies and outcomes in the post WWII US
    • Cogley T., Sargent T.J. Drifts and volatilities. monetary policies and outcomes in the post WWII US. Rev. Econ. Dyn. 2005, 8(2):262-302.
    • (2005) Rev. Econ. Dyn. , vol.8 , Issue.2 , pp. 262-302
    • Cogley, T.1    Sargent, T.J.2
  • 23
    • 84921064984 scopus 로고    scopus 로고
    • Monetary policy regime shifts and inflation persistence
    • (forthcoming)
    • Davig, T.A., Doh, T., 2014. Monetary policy regime shifts and inflation persistence. Rev. Econ. Stat. (forthcoming), . http://dx.doi.org/10.1162/RESTa00415.
    • (2014) Rev. Econ. Stat.
    • Davig, T.A.1    Doh, T.2
  • 24
    • 82955190795 scopus 로고    scopus 로고
    • Fluctuating macro policies and the fiscal theory
    • NBER Working Paper 11212
    • Davig, T.A., Leeper, E.M., 2005. Fluctuating macro policies and the fiscal theory. NBER Working Paper 11212.
    • (2005)
    • Davig, T.A.1    Leeper, E.M.2
  • 25
    • 34547378648 scopus 로고    scopus 로고
    • Generalizing the Taylor principle
    • Davig T.A., Leeper E.M. Generalizing the Taylor principle. Am. Econ. Rev. 2007, 97(3):607-635.
    • (2007) Am. Econ. Rev. , vol.97 , Issue.3 , pp. 607-635
    • Davig, T.A.1    Leeper, E.M.2
  • 26
    • 72549114064 scopus 로고    scopus 로고
    • Dsge-modelling when agents are imperfectly informed
    • ECB Working Paper No. 897
    • De Grauwe, P., 2008. Dsge-modelling when agents are imperfectly informed. ECB Working Paper No. 897.
    • (2008)
    • De Grauwe, P.1
  • 28
    • 68249089773 scopus 로고    scopus 로고
    • Understanding Markov-switching rational expectations models
    • Farmer R.E., Waggoner D.F., Zha T. Understanding Markov-switching rational expectations models. J. Econ. Theory 2009, 144(5):1849-1867.
    • (2009) J. Econ. Theory , vol.144 , Issue.5 , pp. 1849-1867
    • Farmer, R.E.1    Waggoner, D.F.2    Zha, T.3
  • 29
    • 77952383822 scopus 로고    scopus 로고
    • Generalizing the taylor principle. a comment
    • Farmer R.E., Waggoner D.F., Zha T. Generalizing the taylor principle. a comment. Am. Econ. Rev. 2010, 100(1):608-617.
    • (2010) Am. Econ. Rev. , vol.100 , Issue.1 , pp. 608-617
    • Farmer, R.E.1    Waggoner, D.F.2    Zha, T.3
  • 30
    • 82355169558 scopus 로고    scopus 로고
    • Minimal state variable solution to Markov-switching rational expectations models
    • Farmer R.E., Waggoner D.F., Zha T. Minimal state variable solution to Markov-switching rational expectations models. J. Econ. Dyn. Control 2011, 35(12):2150-2166.
    • (2011) J. Econ. Dyn. Control , vol.35 , Issue.12 , pp. 2150-2166
    • Farmer, R.E.1    Waggoner, D.F.2    Zha, T.3
  • 31
    • 77954296868 scopus 로고    scopus 로고
    • Fortune or virtue: time-variant volatilities versus parameter drifting in U.S
    • data. NBER Working Paper 15928
    • Fernández-Villaverde, J., Guerrón-Quintana, P., Rubio-Ramírez, J., 2010. Fortune or virtue: time-variant volatilities versus parameter drifting in U.S. data. NBER Working Paper 15928.
    • (2010)
    • Fernández-Villaverde, J.1    Guerrón-Quintana, P.2    Rubio-Ramírez, J.3
  • 32
    • 34548526338 scopus 로고    scopus 로고
    • Estimating macroeconomic models. a likelihood approach
    • Fernández-Villaverde J., Rubio-Ramírez J.F. Estimating macroeconomic models. a likelihood approach. Rev. Econ. Stud. 2007, 74(4):1059-1087.
    • (2007) Rev. Econ. Stud. , vol.74 , Issue.4 , pp. 1059-1087
    • Fernández-Villaverde, J.1    Rubio-Ramírez, J.F.2
  • 33
    • 84885569259 scopus 로고
    • Inflation persistence
    • Fuhrer J.C., Moore G. Inflation persistence. Q. J. Econ. 1995, 440:127-159.
    • (1995) Q. J. Econ. , vol.440 , pp. 127-159
    • Fuhrer, J.C.1    Moore, G.2
  • 34
    • 4544237605 scopus 로고    scopus 로고
    • Estimating the Euler equation for output
    • Fuhrer J.C., Rudebusch G. Estimating the Euler equation for output. J. Monet. Econ. 2004, 51:1133-1153.
    • (2004) J. Monet. Econ. , vol.51 , pp. 1133-1153
    • Fuhrer, J.C.1    Rudebusch, G.2
  • 35
    • 85017102279 scopus 로고    scopus 로고
    • On the sources of the great moderation
    • Galí J., Gambetti L. On the sources of the great moderation. Am. Econ. J.: Macroecon. 2008, 1(1):26-57.
    • (2008) Am. Econ. J.: Macroecon. , vol.1 , Issue.1 , pp. 26-57
    • Galí, J.1    Gambetti, L.2
  • 36
    • 0033211941 scopus 로고    scopus 로고
    • Inflation dynamics. a structural econometric analysis
    • Galí J., Gertler M. Inflation dynamics. a structural econometric analysis. J. Monet. Econ. 1999, 44(2):195-222.
    • (1999) J. Monet. Econ. , vol.44 , Issue.2 , pp. 195-222
    • Galí, J.1    Gertler, M.2
  • 37
    • 20444380401 scopus 로고    scopus 로고
    • The sensitivity of long-term interest rates to economic news. evidence and implications for macroeconomic models
    • Gürkaynak R.S., Sack B., Swanson E.T. The sensitivity of long-term interest rates to economic news. evidence and implications for macroeconomic models. Am. Econ. Rev. 2005, 95:425-436.
    • (2005) Am. Econ. Rev. , vol.95 , pp. 425-436
    • Gürkaynak, R.S.1    Sack, B.2    Swanson, E.T.3
  • 38
    • 0001342006 scopus 로고
    • A new approach to the economic analysis of nonstationary time series and the business cycle
    • Hamilton J.D. A new approach to the economic analysis of nonstationary time series and the business cycle. Econometrica 1989, 57(2):357-384.
    • (1989) Econometrica , vol.57 , Issue.2 , pp. 357-384
    • Hamilton, J.D.1
  • 40
    • 84870444021 scopus 로고    scopus 로고
    • Time variation in U.S. wage dynamics
    • Hofmann B., Peersman G., Straub R. Time variation in U.S. wage dynamics. J. Monet. Econ. 2012, 59(8):769-783.
    • (2012) J. Monet. Econ. , vol.59 , Issue.8 , pp. 769-783
    • Hofmann, B.1    Peersman, G.2    Straub, R.3
  • 41
    • 84861218594 scopus 로고    scopus 로고
    • Identifying the sources of instabilities in macroeconomic fluctuations
    • Inoue A., Rossi B. Identifying the sources of instabilities in macroeconomic fluctuations. Rev. Econ. Stat. 2011, 93(93):1186-1204.
    • (2011) Rev. Econ. Stat. , vol.93 , Issue.93 , pp. 1186-1204
    • Inoue, A.1    Rossi, B.2
  • 42
    • 0002874054 scopus 로고    scopus 로고
    • Sticky-price models of the business cycle. specification and stability
    • Ireland P. Sticky-price models of the business cycle. specification and stability. J. Monet. Econ. 2001, 47:3-18.
    • (2001) J. Monet. Econ. , vol.47 , pp. 3-18
    • Ireland, P.1
  • 43
    • 45849088342 scopus 로고    scopus 로고
    • The time varying volatility of macroeconomic fluctuations
    • Justiniano A., Primiceri G. The time varying volatility of macroeconomic fluctuations. Am. Econ. Rev. 2008, 98(3):604-641.
    • (2008) Am. Econ. Rev. , vol.98 , Issue.3 , pp. 604-641
    • Justiniano, A.1    Primiceri, G.2
  • 44
    • 0002634803 scopus 로고
    • Dynamic linear models with Markov-switching
    • Kim C.-J. Dynamic linear models with Markov-switching. J. Econ. 1994, 60(1):1-22.
    • (1994) J. Econ. , vol.60 , Issue.1 , pp. 1-22
    • Kim, C.-J.1
  • 45
    • 33750825784 scopus 로고    scopus 로고
    • Estimation of a forward-looking monetary policy rule. a time-varying parameter model using ex post data
    • Kim C.-J., Nelson C.R. Estimation of a forward-looking monetary policy rule. a time-varying parameter model using ex post data. J. Monet. Econ. 2006, 53(8):1949-1966.
    • (2006) J. Monet. Econ. , vol.53 , Issue.8 , pp. 1949-1966
    • Kim, C.-J.1    Nelson, C.R.2
  • 46
    • 0001235164 scopus 로고    scopus 로고
    • Using the generalized Schur form to solve a multivariate linear rational expectations model
    • Klein P. Using the generalized Schur form to solve a multivariate linear rational expectations model. J. Econ. Dyn. Control 2000, 24(10):1405-1423.
    • (2000) J. Econ. Dyn. Control , vol.24 , Issue.10 , pp. 1405-1423
    • Klein, P.1
  • 47
    • 84867697204 scopus 로고    scopus 로고
    • Sources of macroeconomic fluctuations. a regime-switching dsge approach
    • Liu Z., Waggoner D.F., Zha T. Sources of macroeconomic fluctuations. a regime-switching dsge approach. Quant. Econ. 2011, 2(2):251-301.
    • (2011) Quant. Econ. , vol.2 , Issue.2 , pp. 251-301
    • Liu, Z.1    Waggoner, D.F.2    Zha, T.3
  • 48
    • 2442527511 scopus 로고    scopus 로고
    • Testing for indeterminacy. an application to U.S. monetary policy
    • Lubik T., Schorfheide F. Testing for indeterminacy. an application to U.S. monetary policy. Am. Econ. Rev. 2004, 94(1):190-217.
    • (2004) Am. Econ. Rev. , vol.94 , Issue.1 , pp. 190-217
    • Lubik, T.1    Schorfheide, F.2
  • 49
  • 50
    • 0036867964 scopus 로고    scopus 로고
    • Sticky information versus sticky prices. a proposal to replace the new Keynesian Phillips curve
    • Mankiw N.G., Reis R. Sticky information versus sticky prices. a proposal to replace the new Keynesian Phillips curve. Q. J. Econ. 2002, 117(4):1295-1328.
    • (2002) Q. J. Econ. , vol.117 , Issue.4 , pp. 1295-1328
    • Mankiw, N.G.1    Reis, R.2
  • 51
    • 49049125815 scopus 로고
    • On non-uniqueness in rational expectations models. an attempt at perspective
    • McCallum B.T. On non-uniqueness in rational expectations models. an attempt at perspective. J. Monet. Econ. 1983, 11(2):139-168.
    • (1983) J. Monet. Econ. , vol.11 , Issue.2 , pp. 139-168
    • McCallum, B.T.1
  • 52
    • 33847011432 scopus 로고    scopus 로고
    • E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models
    • McCallum B.T. E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models. J. Econ. Dyn. Control 2007, 31(4):1376-1391.
    • (2007) J. Econ. Dyn. Control , vol.31 , Issue.4 , pp. 1376-1391
    • McCallum, B.T.1
  • 53
    • 0000118629 scopus 로고    scopus 로고
    • Output fluctuations in the united states. what has changed since the early 1980[U+05F3]s?
    • McConnell M.M., Pérez-Quirós G. Output fluctuations in the united states. what has changed since the early 1980[U+05F3]s?. Am. Econ. Rev. 2000, 90(5):1464-1476.
    • (2000) Am. Econ. Rev. , vol.90 , Issue.5 , pp. 1464-1476
    • McConnell, M.M.1    Pérez-Quirós, G.2
  • 54
    • 4544379866 scopus 로고    scopus 로고
    • Reaching inflation stability
    • Moreno A. Reaching inflation stability. J. Money, Credit, Bank. 2004, 36(4):801-825.
    • (2004) J. Money, Credit, Bank. , vol.36 , Issue.4 , pp. 801-825
    • Moreno, A.1
  • 55
    • 77955824095 scopus 로고    scopus 로고
    • Inflation dynamics. the role of expectations
    • Nunes R. Inflation dynamics. the role of expectations. J. Money, Credit, Bank. 2010, 42(6):1161-1172.
    • (2010) J. Money, Credit, Bank. , vol.42 , Issue.6 , pp. 1161-1172
    • Nunes, R.1
  • 56
    • 0036002890 scopus 로고    scopus 로고
    • Robust monetary policy under model uncertainty in a small model of the us economy
    • Onatski A., Stock J.H. Robust monetary policy under model uncertainty in a small model of the us economy. Macroecon. Dyn. 2002, 6(1):85-110.
    • (2002) Macroecon. Dyn. , vol.6 , Issue.1 , pp. 85-110
    • Onatski, A.1    Stock, J.H.2
  • 57
    • 34547451290 scopus 로고    scopus 로고
    • Macroeconomics for a modern economy
    • Phelps E.S. Macroeconomics for a modern economy. Am. Econ. Rev. 2007, 97(3):543-561.
    • (2007) Am. Econ. Rev. , vol.97 , Issue.3 , pp. 543-561
    • Phelps, E.S.1
  • 58
    • 34247850925 scopus 로고    scopus 로고
    • Has finance made the world riskier?
    • Rajan R.G. Has finance made the world riskier?. Eur. Financ. Manag. 2006, 12:499-533.
    • (2006) Eur. Financ. Manag. , vol.12 , pp. 499-533
    • Rajan, R.G.1
  • 59
    • 21844516451 scopus 로고
    • New Keynesian economics and the Phillips curve
    • Roberts J.M. New Keynesian economics and the Phillips curve. J. Money, Credit, Bank. 1995, 27(4):975-984.
    • (1995) J. Money, Credit, Bank. , vol.27 , Issue.4 , pp. 975-984
    • Roberts, J.M.1
  • 60
    • 0035589533 scopus 로고    scopus 로고
    • Is the fed too timid? monetary policy in an uncertain world
    • Rudebusch G. Is the fed too timid? monetary policy in an uncertain world. Rev. Econ. Stat. 2001, 83:203-217.
    • (2001) Rev. Econ. Stat. , vol.83 , pp. 203-217
    • Rudebusch, G.1
  • 61
    • 45749088173 scopus 로고    scopus 로고
    • A macro-finance model of the term structure, monetary policy, and the economy
    • Rudebusch G., Wu T. A macro-finance model of the term structure, monetary policy, and the economy. Econ. J. 2008, 118:906-926.
    • (2008) Econ. J. , vol.118 , pp. 906-926
    • Rudebusch, G.1    Wu, T.2
  • 62
    • 0036810481 scopus 로고    scopus 로고
    • Solving linear rational expectations models
    • Sims C. Solving linear rational expectations models. Comput. Econ. 2002, 20(1-2).
    • (2002) Comput. Econ. , vol.20 , Issue.1-2
    • Sims, C.1
  • 63
    • 33744542325 scopus 로고    scopus 로고
    • Rational inattention: a research agenda
    • Deutsche Bundesbank Discussion Paper No. 34/2005
    • Sims, C., 2005. Rational inattention: a research agenda. Deutsche Bundesbank Discussion Paper No. 34/2005.
    • (2005)
    • Sims, C.1
  • 64
    • 33645747482 scopus 로고    scopus 로고
    • Were there regime switches in us monetary policy?
    • Sims C.A., Zha T. Were there regime switches in us monetary policy?. Am. Econ. Rev. 2006, 96(1):54-81.
    • (2006) Am. Econ. Rev. , vol.96 , Issue.1 , pp. 54-81
    • Sims, C.A.1    Zha, T.2
  • 65
    • 34547309730 scopus 로고    scopus 로고
    • Shocks and frictions in us business cycles. a Bayesian dsge approach
    • Smets F., Wouters R. Shocks and frictions in us business cycles. a Bayesian dsge approach. Am. Econ. Rev. 2007, 97(3):586-606.
    • (2007) Am. Econ. Rev. , vol.97 , Issue.3 , pp. 586-606
    • Smets, F.1    Wouters, R.2
  • 66
    • 4544277577 scopus 로고    scopus 로고
    • Introduction. the Tobin approach to monetary economics
    • Solow R.M. Introduction. the Tobin approach to monetary economics. J. Money, Credit, Bank. 2004, 36(4):657-663.
    • (2004) J. Money, Credit, Bank. , vol.36 , Issue.4 , pp. 657-663
    • Solow, R.M.1
  • 67
    • 33846109529 scopus 로고    scopus 로고
    • Has the business cycle changed and why?
    • Stock J.H., Watson M.W. Has the business cycle changed and why?. NBER Macroecon. Annu. 2002, 17:159-218.
    • (2002) NBER Macroecon. Annu. , vol.17 , pp. 159-218
    • Stock, J.H.1    Watson, M.W.2
  • 68
    • 69249228153 scopus 로고    scopus 로고
    • The financial crisis and the policy responses: an empirical analysis of what went wrong
    • NBER Working Paper 14631
    • Taylor, J.B., 2009. The financial crisis and the policy responses: an empirical analysis of what went wrong. NBER Working Paper 14631.
    • (2009)
    • Taylor, J.B.1
  • 70
    • 84878450862 scopus 로고    scopus 로고
    • Macroeconomic analysis without the rational expectations hypothesis
    • NBER Working Paper 19368
    • Woodford, M., 2013. Macroeconomic analysis without the rational expectations hypothesis. NBER Working Paper 19368.
    • (2013)
    • Woodford, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.