Econometric Issues in DSGE Models
نویسندگان
چکیده
منابع مشابه
4. Computational Experiments and Reality
This study explores three alternative econometric interpretations of dynamic, stochastic general equilibrium (DSGE) models. Under a strong econometric interpretation, these models provide likelihood functions for observed sequences of prices and quantities. Given this interpretation, most DSGE models are rejected using classical econometrics and assigned zero probability in a Bayesian approach....
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