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4 Results

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  • Topics

    • Business Cycle (2)
    • Business Cycle World (2)
    • Behavioral Economics (1)
  • Publication Type

    • Journal Article (2)
    • Working Paper (2)
  • Research

    • Forecasting and Business Cycle Analysis (3)
    • Macroeconomic Research (3)
    • Advanced Studies Program (1)
    • Education (1)
    • Macroeconomic Policies over the Business Cycle (1)
  • Experts

    • Tae-Seok Jang (4)
    • Stephen Sacht (3)
    • Gene Ambrocio (1)
    • Reiner Franke (1)
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  • Experts: Tae-Seok Jang
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  1. Working Paper

    Productivity Shocks and the New Keynesian Phillips Curve: Evidence from US and Euro Area

    ASP Working Paper Series
    08/2009
    Download
    Gene Ambrocio, Tae-Seok Jang

  2. Journal Article

    Animal Spirits and the Business Cycle: Empirical Evidence from Moment Matching

    Metroecomonica
    02/2016
    Tae-Seok Jang, Stephen Sacht

    In this article, we empirically examine a hybrid New-Keynesian model with heterogeneous bounded rational agents who may adopt an optimistic or...

  3. Journal Article

    Moment Matching versus Bayesian Estimation: Backward-Looking Behaviour in the New-Keynesian Baseline Model

    North American Journal of Economics and Finance
    01/2015
    Reiner Franke, Tae-Seok Jang, Stephen Sacht

    The paper considers an elementary New-Keynesian three-equation model and compares its Bayesian estimation based on conventional priors to the...

  4. Working Paper

    Identification of Animal Spirits in a Bounded Rationality Model: An Application to the Euro Area

    Kiel Working Papers
    10/2012
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    Tae-Seok Jang, Stephen Sacht

    In this paper we empirically examine a heterogenous bounded rationality version of a hybrid New-Keynesian model. The model is estimated via...

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