A Bayesian View of Nominal Money and Real Output Through a New Classical Macroeconomic Window
用贝叶斯方法分析47个国家数据，研究未预期到的名义货币变动对实际产出的影响，假设预期到的货币变动是中性的，并处理了模型不确定性。
This study investigates the empirical evidence on the effects of unanticipated changes in nominal money on real output in 47 countries when viewed through a window (i.e., likelihood function) that assumes the neutrality of anticipated changes. Using a Bayesian predictivist approach, it provides a pedagogical Bayesian analysis of generated regressor models in the face of specification uncertainty involving, among other things, multiple unit roots and trend stationary alternatives.