2026-09-20T18:06:59Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/546562022-01-13T07:54:28Zcom_1721.1_7582com_1721.1_7581col_1721.1_131023
Michael Piore.
Kim, Hae-min
Massachusetts Institute of Technology. Dept. of Economics.
Massachusetts Institute of Technology. Department of Economics
u-nz---
2010-04-28T17:15:41Z
2010-04-28T17:15:41Z
2009
2009
http://hdl.handle.net/1721.1/54656
606604267
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Economics, 2009.
Cataloged from PDF version of thesis.
Includes bibliographical references (p. 27-28).
Econometric analysis of rational expectations models has been a widely studied topic in the macro-econometric literature. This thesis looks in particular at evaluating Neokeynesian model (NKM) with respect to its conformity with the data. Among the available econometric techniques, this thesis investigates what cointegrated VAR can illuminate about how close the NKM gets to the data. This project closely follow the approach taken by Mikael Juselius (2008) and extends the analysis to the New Zealand data. The findings from the thesis lend support to Juselius' conclusions but in a limited way. The results from this thesis question the robustness of his claims based on US data supporting inexact rational expectations models.
by Hae-min Kim.
S.M.
28 p.
eng
Massachusetts Institute of Technology
M.I.T. theses are protected by
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http://dspace.mit.edu/handle/1721.1/7582
Economics.
Empirical study of new Keynesian model using cointegrated VAR : what New Zealand data tell us
Thesis
application/pdf
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Publication
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<Abstract>Econometric analysis of rational expectations models has been a widely studied topic in the macro-econometric literature. This thesis looks in particular at evaluating Neokeynesian model (NKM) with respect to its conformity with the data. Among the available econometric techniques, this thesis investigates what cointegrated VAR can illuminate about how close the NKM gets to the data. This project closely follow the approach taken by Mikael Juselius (2008) and extends the analysis to the New Zealand data. The findings from the thesis lend support to Juselius' conclusions but in a limited way. The results from this thesis question the robustness of his claims based on US data supporting inexact rational expectations models.</Abstract>
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