A New Keynesian IS curve for Australia: is it forward looking or backward looking?

This article estimates the forward looking, backward looking and an extended version of the New Keynesian IS curve for Australia. The validity of these models is investigated by imposing the constraint on real rate of interest as well as when the constraint is relaxed. Two measures of output gap, na...

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Veröffentlicht in:	Applied economics 2013-09, Vol.45 (26), p.3691-3700
Hauptverfasser:	Paradiso, Antonio, Kumar, Saten, Rao, B. Bhaskara
Format:	Artikel
Sprache:	eng
Schlagworte:	Australia backward looking Budget constraint Economic models Evidence forward looking Interest rates Keynesian theory Keynesianism Monetary policy New Keynesian IS curve Policy analysis Studies
Online-Zugang:	Volltext
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