Published Classic International Economic Review Published May 2011Estimation and Inference by the Method of Projection Minimum Distance: An Application to the New Keynesian Hybrid Phillips CurveÒscar Jordà · Sharon KozickiThis 2011 International Economic Review paper by Óscar Jordà and Sharon Kozicki proposes "projection minimum distance" (PMD), a two-step semiparametric estimator for macroeconomic models whose …