4 Results enter search term Search Reset filter Suchfilter Content Type Publications (4) 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) Date Last Month Last Year Select Period start date to end date Sort by Relevance Date Aktive Filter Experts: Tae-Seok Jang Remove all filters Publication Animal Spirits and the Business Cycle: Empirical Evidence from Moment Matching 01.02.2016 In this article, we empirically examine a hybrid New-Keynesian model with heterogeneous bounded rational agents who may adopt an optimistic or pessimistic attitude—so called animal spirits—toward future movements of the output and inflation gap. The... Publication Moment Matching versus Bayesian Estimation: Backward-Looking Behaviour in the New-Keynesian Baseline Model 01.01.2015 The paper considers an elementary New-Keynesian three-equation model and compares its Bayesian estimation based on conventional priors to the results from the method of moments (MM), which seeks to match a finite set of the model-generated second... Publication Identification of Animal Spirits in a Bounded Rationality Model: An Application to the Euro Area 01.10.2012 In this paper we empirically examine a heterogenous bounded rationality version of a hybrid New-Keynesian model. The model is estimated via the simulated method of moments using Euro Area data from 1975Q1 to 2009Q4. It is generally assumed that... Publication Productivity Shocks and the New Keynesian Phillips Curve: Evidence from US and Euro Area 01.08.2009
Publication Animal Spirits and the Business Cycle: Empirical Evidence from Moment Matching 01.02.2016 In this article, we empirically examine a hybrid New-Keynesian model with heterogeneous bounded rational agents who may adopt an optimistic or pessimistic attitude—so called animal spirits—toward future movements of the output and inflation gap. The...
Publication Moment Matching versus Bayesian Estimation: Backward-Looking Behaviour in the New-Keynesian Baseline Model 01.01.2015 The paper considers an elementary New-Keynesian three-equation model and compares its Bayesian estimation based on conventional priors to the results from the method of moments (MM), which seeks to match a finite set of the model-generated second...
Publication Identification of Animal Spirits in a Bounded Rationality Model: An Application to the Euro Area 01.10.2012 In this paper we empirically examine a heterogenous bounded rationality version of a hybrid New-Keynesian model. The model is estimated via the simulated method of moments using Euro Area data from 1975Q1 to 2009Q4. It is generally assumed that...
Publication Productivity Shocks and the New Keynesian Phillips Curve: Evidence from US and Euro Area 01.08.2009