This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Natural Concepts in Macroeconomics Author info | Abstract | Publisher info | Download info | Related research | Statistics Ray C. Fair () (Cowles Foundation, Yale University )
Additional information is available for the following
registered author(s):
Ragnar Frisch proposed in 1936 a procedure for estimating natural variable values by modifying what are now called structural macroeconometric models. This paper shows that Frisch’s procedure can be used to illuminate natural concepts using today’s models. The procedure also forces one to be precise regarding the assumptions used in moving from a short-run model to a medium-run or long-run model.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by Cowles Foundation, Yale University in its series Cowles Foundation Discussion Papers with number
1525.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length: 41 pages
Date of creation: Jun 2005Date of revision:
Handle: RePEc:cwl:cwldpp:1525Contact details of provider: Postal: Yale University, Box 208281, New Haven, CT 06520-8281 USA Phone: (203) 432-3702 Fax: (203) 432-6167 Web page: http://cowles.econ.yale.edu/ More information through EDIRC
Order Information: Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
For technical questions regarding this item, or to correct its listing, contact: (Glena Ames).
Keywords: Natural concepts ; Equilibrium ; Other versions of this item:
Find related papers by JEL classification: E00 - Macroeconomics and Monetary Economics - - General - - - General
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Kuttner, Kenneth N, 1994.
"Estimating Potential Output as a Latent Variable ,"
Journal of Business & Economic Statistics ,
American Statistical Association, vol. 12(3), pages 361-68, July.
Clark, Peter K, 1987.
"The Cyclical Component of U.S. Economic Activity ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 102(4), pages 797-814, November.
[Downloadable!] (restricted)
Robert J. Gordon, 1998.
"Foundations of the Goldilocks Economy: Supply Shocks and the Time-Varying NAIRU ,"
Brookings Papers on Economic Activity ,
Economic Studies Program, The Brookings Institution, vol. 29(1998-2), pages 297-346.
[Downloadable!]
Athanasios Orphanides & John C. Williams, 2002.
"Robust monetary policy rules with unknown natural rates ,"
Working Papers in Applied Economic Theory
2003-01, Federal Reserve Bank of San Francisco.
[Downloadable!]
Other versions: Lucas, Robert E, Jr, 1981.
"Tobin and Monetarism: A Review Article ,"
Journal of Economic Literature ,
American Economic Association, vol. 19(2), pages 558-67, June.
[Downloadable!] (restricted)
Watson, Mark W., 1986.
"Univariate detrending methods with stochastic trends ,"
Journal of Monetary Economics ,
Elsevier, vol. 18(1), pages 49-75, July.
[Downloadable!] (restricted)
Taylor, John B., 1993.
"Discretion versus policy rules in practice ,"
Carnegie-Rochester Conference Series on Public Policy ,
Elsevier, vol. 39(1), pages 195-214, December.
[Downloadable!] (restricted)
Lucas, Robert Jr, 1976.
"Econometric policy evaluation: A critique ,"
Carnegie-Rochester Conference Series on Public Policy ,
Elsevier, vol. 1(1), pages 19-46, January.
[Downloadable!] (restricted)
Edmund S. Phelps, 1968.
"Money-Wage Dynamics and Labor-Market Equilibrium ,"
Journal of Political Economy ,
University of Chicago Press, vol. 76, pages 678.
[Downloadable!] (restricted)
Douglas Staiger & James H. Stock & Mark W. Watson, 1996.
"How Precise are Estimates of the Natural Rate of Unemployment? ,"
NBER Working Papers
5477, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Thomas Laubach & John C. Williams, 2003.
"Measuring the Natural Rate of Interest ,"
The Review of Economics and Statistics ,
MIT Press, vol. 85(4), pages 1063-1070, November.
[Downloadable!] (restricted)
Other versions: Orphanides, Athanasios & Solow, Robert M., 1990.
"Money, inflation and growth ,"
Handbook of Monetary Economics ,
in: B. M. Friedman & F. H. Hahn (ed.), Handbook of Monetary Economics, edition 1, volume 1, chapter 6, pages 223-261
Elsevier.
[Downloadable!] (restricted)
Bomfim, Antulio N, 1997.
"The Equilibrium Fed Funds Rate and the Indicator Properties of Term-Structure Spreads ,"
Economic Inquiry ,
Oxford University Press, vol. 35(4), pages 830-46, October.
George W. Evans & Garey Ramey, 2001.
""Adaptive Expectations, Underparameterization and the Lucas Critique ,"
University of Oregon Economics Department Working Papers
2001-8, University of Oregon Economics Department, revised 01 Dec 2004.
[Downloadable!]
Other versions:
George Evans & Garey Ramey, 2001.
"Adaptive Expectations, Underparameterization and the Lucas Critique ,"
University of California at San Diego, Economics Working Paper Series
2001-11, Department of Economics, UC San Diego.
[Downloadable!] Evans, George W. & Ramey, Garey, 2006.
"Adaptive expectations, underparameterization and the Lucas critique ,"
Journal of Monetary Economics ,
Elsevier, vol. 53(2), pages 249-264, March.
[Downloadable!] (restricted) Fair, Ray C, 1978.
"The Sensitivity of Fiscal Policy Effects to Assumptions about the Behavior of the Federal Reserve ,"
Econometrica ,
Econometric Society, vol. 46(5), pages 1165-79, September.
[Downloadable!] (restricted)
Other versions:
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Bårdsen, Gunnar & Nymoen, Ragnar, 2006.
"U.S. natural rate dynamics reconsidered ,"
Memorandum
13/2006, Oslo University, Department of Economics.
[Downloadable!]
Access and
download statistics Did you know? About 2700 working paper series are listed on RePEc .
This page was last updated on 2009-11-12.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .