Ml vs GMM Estimates of Hybrid Macroeconomic Models (with an Application to the New Phillips Curve)

By Eric Jondeau, Hervé le Bihan. 2003

83 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/84ce80e8e31557beac31c12a321e0c2e2ca92aa9

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Citations in the corpus

• The Phillips curve under state-dependent pricing (2007, background): “(9) On the other hand, Sbordone (2002) and Lubik and Schorfheide (2004) present results for the United States which support the purely forward-looking NKPC. (10)Jondeau and LeBihan (2003) find that omitted dynamics may explain the discrepancies between ML and GMM estimates of the hybrid model.”