Federal Reserve Bank of Cleveland: 'A Unified Framework to Estimate Macroeconomic Stars'
July 16, 2024
July 16, 2024
CLEVELAND, Ohio, July 16 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 21-23R2) in May 2024 by Saeed Zaman entitled "A Unified Framework to Estimate Macroeconomic Stars."
Here are excerpts:
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This paper develops a semi-structural model to jointly estimate "stars" -- long-run levels of output (its growth rate), the unemployment rate, the real interest rate, productivity growth, price inflation . . .
Here are excerpts:
* * *
This paper develops a semi-structural model to jointly estimate "stars" -- long-run levels of output (its growth rate), the unemployment rate, the real interest rate, productivity growth, price inflation . . .