Matlab code for Does the Time-Consistency Problem Explain the Behavior of Inflation in the United States?

This zip file contains notes, data, and MATLAB programs that will allow you to reproduce the econometric work in my paper "Does the Time-Consistency Problem Explain the Behavior of Inflation in the United States?" which appears in the October 1999 issue of the Journal of Monetary Economics

[1]  Mark W. Watson,et al.  The post-war U.S. Phillips curve: a revisionist econometric history: response to Evans and McCallum , 1994 .

[2]  P. Jenkins,et al.  Inflation in North America , 1993 .

[3]  J. DeLong,et al.  America's Peacetime Inflation: The 1970s , 1997 .

[4]  K. Blackburn,et al.  Monetary Policy and Policy Credibility: Theories and Evidence , 1989 .

[5]  Modern Business Cycle Theory , 1990 .

[6]  Serena Ng,et al.  Useful Modifications to some Unit Root Tests with Dependent Errors and their Local Asymptotic Properties , 1996 .

[7]  James D. Hamilton.  Time Series Analysis , 1994 .

[8]  W. Newey,et al.  A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelationconsistent Covariance Matrix , 1986 .

[9]  R. Barro,et al.  Central Bank Preferences and Macroeconomic Equilibrium , 1997 .

[10]  T. Sargent.  The Conquest of American Inflation , 1999 .

[11]  D. Romer,et al.  Reducing inflation : motivation and strategy , 1997 .

[12]  R. Barro,et al.  A Positive Theory of Monetary Policy in a Natural Rate Model , 1981, Journal of Political Economy.

[13]  J. Stock,et al.  How Precise are Estimates of the Natural Rate of Unemployment? , 1996 .

[14]  P. Phillips.  Testing for a Unit Root in Time Series Regression , 1988 .

[15]  Marianne Baxter.  Toward an empirical assessment of game-theoretic models of policymaking: A comment , 1988 .

[16]  D. Andrews.  Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimation , 1991 .

[17]  P. Phillips,et al.  Asymptotic Properties of Residual Based Tests for Cointegration , 1990 .

[18]  W. Newey,et al.  A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelationconsistent Covariance Matrix , 1986 .

[19]  S. Johansen.  STATISTICAL ANALYSIS OF COINTEGRATION VECTORS , 1988 .