(1) Description of the Model
Simply put, Taylor's methodology is just what economists have always done when they analyze the effects of exogenous parameter changes on a market allegedly in equilibrium.
(2) Empirical Experiments
we tried an experimenta...
(1) Description of the Model
Simply put, Taylor's methodology is just what economists have always done when they analyze the effects of exogenous parameter changes on a market allegedly in equilibrium.
(2) Empirical Experiments
we tried an experimental application of our model for korea using the 1968 Input-Output Table and other related data.