Testing for Indeterminacy: An Application to U. S. Monetary Policy

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Macroeconomics and Volatility: Data, Models, and Estimation (2010, neutral): “Another branch of the literature argues that some other changes in the economy, usually better monetary policy, explain the evolution of aggregate volatility (more famously, Clarida, Galí, and Gertler, 2000, and Lubick and Schorfheide, 2004).”
Weak Instrument Robust Tests in GMM and the New Keynesian Phillips Curve (2009, background): “Variants of Equation (1) appear in many studies on macroeconomic dynamics and monetary policy; see, for example, Lubik and Schorfheide (2004) and Christiano, Eichenbaum, and Evans (2005).”
Identification Issues in Forward-Looking Models Estimated by GMM, with an Application to the Phillips Curve (2005, background): “Interested readers are referred to Pesaran (1987) and the recent important contribution of Lubik and Schorfheide (2004) who propose a test for indeterminacy and discuss some relevant identiﬂcation issues.”