Bayesian forecasting with small and medium scale factor-augmented vector autoregressive DSGE models
نویسندگان
چکیده
منابع مشابه
Bayesian forecasting with small and medium scale factor-augmented vector autoregressive DSGE models
Advanced Bayesian methods are employed in estimating dynamic stochastic general equilibrium (DSGE) models. Although policymakers and practitioners are particularly interested in DSGE models, these are typically too stylized to be taken directly to the data and often yield weak prediction results. Hybrid models can deal with some of the DSGE model misspeci cations. Major advances in Bayesian est...
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ژورنال
عنوان ژورنال: Computational Statistics & Data Analysis
سال: 2014
ISSN: 0167-9473
DOI: 10.1016/j.csda.2013.09.018