NBER paper outlines ‘four-equation model’

Equation calculation

Economists Eric Sims and Jing Cynthia Wu have developed what they call a “four-equation model”, extending the textbook three-equation model to include unconventional monetary policy.

In the National Bureau of Economic Research working paper, they note the textbook model has been “proven inadequate” for analysing many of the issues that have “come to the fore in policy circles” since the global crisis. They aim to “bridge the gap” between “complicated quantitative dynamic stochastic general

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account