Time-to-produce or a Keynesian is curve?. Reply to John McCallum

Zvi Hercowitz

doi:10.1016/0304-3932(90)90051-5

Time-to-produce or a Keynesian is curve?. Reply to John McCallum

Zvi Hercowitz^*

^*Corresponding author for this work

School of Economics

Research output: Contribution to journal › Letter › peer-review

2 Scopus citations

Abstract

This note comments on McCallum's conclusion that the estimates of a reduced-form output equation from an open-economy neoclassical model with a production lag capture in fact an IS curve type of mechanism.

Original language	English
Pages (from-to)	151-153
Number of pages	3
Journal	Journal of Monetary Economics
Volume	25
Issue number	1
DOIs	https://doi.org/10.1016/0304-3932(90)90051-5
State	Published - Jan 1990

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Time-to-produce or a Keynesian is curve?. Reply to John McCallum

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