The New Keynesian Model: an empirical application to the euro area economy

Detalhes bibliográficos
Autor(a) principal: Barradas, Ricardo
Data de Publicação: 2014
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/14145
Resumo: Artigo em revista científica internacional com arbitragem científica
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spelling The New Keynesian Model: an empirical application to the euro area economyNew Keynesian ModelIS CurvePhillips CurveTaylor RuleGeneralized Method of MomentsEuro AreaArtigo em revista científica internacional com arbitragem científicaThis paper empirically applies the New Keynesian Model to the euro area’s e conomy during the period from the first quarter of 1999 to the last quarter of 2008, which is consistent with the scant empirical evidence on this Dynamic Stochastic General Equilibrium model. The New Keynesian Model is estimated using the Generalized Method of Moments, since the model denote hybrid features including backward and forward looking behaviours by economic agents and elements with rational expectations. Although this method of estimation may present some limitations, the New Keynesian Model seems to describe reasonably well the evolution of economic activity, the inflation rate and monetary policy in the euro area. Against this backdrop, the New Keynesian Model may provide an important tool for aiding the governments of euro area countries and the European Central Bank in the adoption and implementation of its policies over time.EuroJournalsRCIPLBarradas, Ricardo2018-02-21T17:49:49Z2014-10-242014-10-24T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/14145eng1986-4094info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-08-03T09:55:02Zoai:repositorio.ipl.pt:10400.21/8094Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:16:55.278255Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The New Keynesian Model: an empirical application to the euro area economy
title The New Keynesian Model: an empirical application to the euro area economy
spellingShingle The New Keynesian Model: an empirical application to the euro area economy
Barradas, Ricardo
New Keynesian Model
IS Curve
Phillips Curve
Taylor Rule
Generalized Method of Moments
Euro Area
title_short The New Keynesian Model: an empirical application to the euro area economy
title_full The New Keynesian Model: an empirical application to the euro area economy
title_fullStr The New Keynesian Model: an empirical application to the euro area economy
title_full_unstemmed The New Keynesian Model: an empirical application to the euro area economy
title_sort The New Keynesian Model: an empirical application to the euro area economy
author Barradas, Ricardo
author_facet Barradas, Ricardo
author_role author
dc.contributor.none.fl_str_mv RCIPL
dc.contributor.author.fl_str_mv Barradas, Ricardo
dc.subject.por.fl_str_mv New Keynesian Model
IS Curve
Phillips Curve
Taylor Rule
Generalized Method of Moments
Euro Area
topic New Keynesian Model
IS Curve
Phillips Curve
Taylor Rule
Generalized Method of Moments
Euro Area
description Artigo em revista científica internacional com arbitragem científica
publishDate 2014
dc.date.none.fl_str_mv 2014-10-24
2014-10-24T00:00:00Z
2018-02-21T17:49:49Z
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url http://hdl.handle.net/10071/14145
dc.language.iso.fl_str_mv eng
language eng
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