Constructing a Small-Region DSGE Model

نویسندگان

چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Model Validation and DSGE Modeling

The primary objective of this paper is to revisit DSGE models with a view to appraise their statistical adequacy and propose ways to ameliorate their empirical pertinence. This paper brings out several weaknesses of the traditional DSGE modeling, including statistical misspecification, non-identification of deep parameters, substantive inadequacy, weak forecasting performance and potentially mi...

متن کامل

Estimating a medium–scale DSGE model with expectations based on small forecasting models

In this paper we evaluate the empirical performance of a medium–scale DSGE model (Smets andWouters 2007) when agents form expectations about forward variables by using small forecasting models. Agents learn about these simple AR and VAR forecasting models through Kalman filter estimation and they combine them either using a prediction basedweighting scheme or fixed weights. The results indicate...

متن کامل

Estimating the Parameters of a Small Open Economy DSGE Model: Indentifiability and Inferential Validity

This paper estimates the parameters of a stylized dynamic stochastic general equilibrium model using maximum likelihood and Bayesian methods, paying special attention to the issue of weak parameter identification. Given the model and the available data, the posterior estimates of the weakly identified parameters are very sensitive to the choice of priors. We provide a set of tools to diagnose w...

متن کامل

Constructing a Mediterranean Region: A Cultural Approach

Culture and identity lie at the heart of the world’s most intricate security problems. But to what extent are they components of a solution to those problems? How can culture and identity contribute to peace? Increasingly, both analysts and politicians associate regional security with regional integration that encompasses the development of regional identities and a common political culture. To...

متن کامل

Agricultural Economic Dynamics in a Bayesian DSGE Model for Iran

I ran’s economy is suffering from sharp and persistent economic shocks and agriculture plays an undeniable role in its economic growth and development. The aim of this paper is to study the relative contributions of various macroeconomic shocks to generating fluctuations in Iran’s agriculture sector. To do so, a Dynamic Stochastic General Equilibrium (DSGE) model, emphasizing on the ...

متن کامل

ذخیره 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: ISRN Economics

سال: 2013

ISSN: 2090-8938

DOI: 10.1155/2013/825862