منابع مشابه
On Identication of Bayesian DSGE Models
In recent years there has been increasing concern about the identi cation of parameters in dynamic stochastic general equilibrium (DSGE) models. Given the structure of DSGE models it may be di¢ cult to determine whether a parameter is identi ed. For the researcher using Bayesian methods, a lack of identi cation may not be evident since the posterior of a parameter of interest may di¤er from its...
متن کاملOn Identification of Bayesian DSGE Models
On Identification of Bayesian DSGE Models In recent years there has been increasing concern about the identification of parameters in dynamic stochastic general equilibrium (DSGE) models. Given the structure of DSGE models it may be difficult to determine whether a parameter is identified. For the researcher using Bayesian methods, a lack of identification may not be evident since the posterior...
متن کاملEvaluating DSGE Models for Monetary and Fiscal Policy Analysis
This paper evaluates the suitability of current DSGE models for monetary policy analysis from a Bayesian perspective, recognizing that these models may be useful even if they are misspecified along some dimensions, using the framework laid out in Faust and Gupta (2009). The paper argues that practical monetary policy analysis deals with determining how intended policy should be revised in light...
متن کاملBayesian Mixed Frequency Estimation of DSGE models
In this paper, we present an alternative strategy for estimation of DSGE models when data is available at di¤erent time intervals. Our method is based on a data augmentation technique within Bayesian estimation of structural models and allows us to jointly use data at di¤erent frequencies. The bene ts achieved via this methodology will be twofold, resolution of time aggregation bias and identi ...
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ژورنال
عنوان ژورنال: Prague Economic Papers
سال: 2019
ISSN: 1210-0455,2336-730X
DOI: 10.18267/j.pep.708