Non-nested tests of new classical versus Keynesian models', further evidence

W. D.A. Bryant*

*Corresponding author for this work

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

This paper re-runs the experiment conducted by Dadkhah and Valbuena (1985), using data generated by the Australian, Canadian, Japanese, Swiss and Swedish economies. The aim of this exercise is to discriminate between new classical and Keynesian accounts of the business cycle. The results obtained in the present study are broadly supportive of Dadkhah and Valbuena's earlier findings in that the Keynesian model generally outperforms the new classical alternative.

Original languageEnglish
Pages (from-to)385-390
Number of pages6
JournalApplied Economics
Volume23
Issue number2
DOIs
Publication statusPublished - 1 Feb 1991
Externally publishedYes

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