Title:Do expectations matter? : the great moderation revisited Author(s):CANOVA, Fabio; GAMBETTI, LucaDate:2010Citation:
- American economic journal : macroeconomics, 2010, Vol. 2, No. 3, pp. 183-205
Type:ArticleAbstract:We examine the role of expectations in the Great Moderation episode. We derive theoretical restrictions in a New-Keynesian model and test them using measures of expectations obtained from survey data, the Greenbook and ...