12. Analyzing Properties of the MC Model |
The properties of the overall MC model are examined in Chapter 12 of the
1994 book and in Chapters 9 and 10
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
MC model. See
"A Fiscal-Policy Rule for
Stabilization",
"Estimated Stabilization Costs of
the EMU", and
"Estimated Inflation Costs Had
European Unemployment Been Reduced in the 1980s by Macro Policies".
The following is the list of sections in Chapter 12 of the 1994 book: |