Natural Rate Measures in an Estimated DSGE Model of the U.S. Economy

@article{Edge2007NaturalRM,
  title={Natural Rate Measures in an Estimated DSGE Model of the U.S. Economy},
  author={Rochelle M. Edge and Michael T. Kiley and J. Laforte},
  journal={Macroeconomics eJournal},
  year={2007}
}
This paper presents a monetary DSGE model of the U.S. economy. The model captures the most important production, expenditure, and nominal-contracting decisions underlying economic data while remaining sufficiently small to allow it to provide a clear interpretation of the data. We emphasize the role of model-based analyses as vehicles for storytelling by providing several examples - based around the evolution of natural rates of production and interest - of how our model can provide narratives… Expand
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