Estimation of DSGE Models When the Data are Persistent
نویسندگان
چکیده
منابع مشابه
Estimation of DSGE models when the data are persistent
An active area of research in macroeconomics is to take DSGE models to the data. These models are often solved and estimated under specific assumptions about how the exogenous variables grow over time. In this paper, we first show that if the trends assumed for the model are incompatible with the observed data, or that the detrended data used in estimation are inconsistent with the stationarity...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1438367