Global Identification of Linearized DSGE Models
نویسندگان
چکیده
منابع مشابه
On 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 کاملUsing Dsge Models
This paper is intended to be pedagogical rather than a presentation of original research. We describe a simple dynamic, stochastic general equilibrium (DSGE) model with capital utilization, capital adjustment costs, and a simple Cobb-Douglas technology to illustrate how DSGE models can be used to explain the past and to forecast the future. We identify one method to directly estimate latent var...
متن کاملForecasting with DSGE Models
In this paper we review the methodology of forecasting with log-linearised DSGE models using Bayesian methods. We focus on the estimation of their predictive distributions, with special attention being paid to the mean and the covariance matrix of h-steps ahead forecasts. In the empirical analysis, we examine the forecasting performance of the New Area-Wide Model (NAWM) that has been designed f...
متن کاملBreaks in DSGE models
In this paper, we investigate the consequences of breaks in mean for the estimates of model parameters and the resulting inferences about the structure of the economy and policy implications. We explore the behavior of DSGE models that undergo occasional, but permanent shocks to the parameters that determine their steady state. We present a method for approximating the state space representatio...
متن کاملIdentification of Linearized Models and Robust Control of Physical Systems
This chapter presents the design of a controller that ensures both the robust stability and robust performance of a physical plant using a linearized identified model . The structure of the plant and the statistics of the noise and disturbances affecting the plant are assumed to be unknown. As the design of the robust controller relies on the availability of a plant model, the mathematical mode...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2400330