11. Analyzing Properties of the US Model
The properties of the US model are examined in Chapter 11 of the 1994 book and in Chapters 9, 10, and 11 of the 1984 book. These chapters have not been transferred to html, and so they must be read in pdf format. There is also more recent work examining the properties of the US model. See "Evaluating Alternative Monetary Policy Rules" (with E.P. Howrey).

The following is the list of sections in Chapter 11 of the 1994 book:

11.1 Introduction
11.2 A General Discussion of the US Model's Properties
11.3 Computing Multipliers and Their Standard Errors
11.3.1 Fiscal Policy Variables
11.3.2 A Monetary-Policy Experiment: RS Decrease
11.3.3 Sensitivity of Fiscal Policy Effects to Assumptions about Monetary Policy
11.3.4 Sensitivity of Fiscal Policy Effects to the Specification of the Import Equation
11.3.5 Sensitivity of the Multipliers to Alternative Coefficient Estimates
11.3.6 Multipliers from a Price Shock: PIM Increase
11.3.7 The Deficit Response to Spending and Tax Changes
11.4 Sources of Economic Fluctuations in the US Model
11.5 Optimal Choice of Monetary-Policy Instruments in the US Model
11.6 Sensitivity of Multipliers to the Rational Expectations Assumption in the US Model
11.7 Is Monetary Policy Becoming Less Effective?
11.8 What if the Fed had Behaved Differently in 1978 and 1990?