Browsing Departamentos by Subject "Neokeynesiana"
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The New Keynesian Framework for a Small Open Economy with Structural Breaks: Empirical Evidence from Peru (Pontificia Universidad Católica del Perú. Departamento de Economía, 2014)We present evidence from Peru that The New Keynesian Phillips Curve, Dynamic IS and Taylor Rule derived by Galí and Monacelli (2005) are unstable. The results from methodology of Bai and Perron (2003) suggest that the ...