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:

12.1 Introduction
12.2 A General Discussion of the MC Model's Properties
12.3 Computing Multipliers
12.4 Common Results Across Countries