Inflation Determination with Taylor Rules: Is New Keynesian Analysis Critically Flawed?
NBER Working Paper No. 14534
---- Acknowledgements ----
I am indebted to Miguel Casares, Marvin Goodfriend, and Edward Nelson for many helpful discussions and comments on an earlier draft. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.