An estimated new keynesian dynamic stochastic general equilibrium model of the Euro area /

In recent years a new consensus has emerged in macroeconomics in general and in model building in particular, the so called New Keynesian Paradigm (NKM). This paper applies Bayesian estimation techniques to a time series data set of the euro area and presents estimates of a DSGE model. The purpose o...

Πλήρης περιγραφή

Corporate συγγραφέας: European Commission : Directorate-General for Economic and Financial Affairs.
Άλλοι συγγραφείς: Ratto, Marco., Roger, Werner., Veld, Jan in't 1962-, Girardi, Riccardo.
Μορφή: Βιβλίο
Γλώσσα: Greek
English
Στοιχεία έκδοσης: Brussels ; Belgium : European Commission: Directorate-General for Economic and Financial Affairs, 2005.
Σειρά: European Economy. Economic papers ; 220.
Διαθέσιμο Online: http://ec.europa.eu/economy_finance/publications/publication_summary11044_en.htm
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245 0 3 |a An estimated new keynesian dynamic stochastic general equilibrium model of the Euro area /  |c Ratto, Marco...[et.al.] 
260 |a Brussels ;  |a Belgium :  |b European Commission: Directorate-General for Economic and Financial Affairs,  |c 2005. 
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520 0 |a In recent years a new consensus has emerged in macroeconomics in general and in model building in particular, the so called New Keynesian Paradigm (NKM). This paper applies Bayesian estimation techniques to a time series data set of the euro area and presents estimates of a DSGE model. The purpose of this paper is not to estimate the current version of the QUEST model directly with these methods but rather to estimate a prototype new generation New-Keynesian DSGE model. This model can then serve as a benchmark for an estimation of a QUEST specification. In fact in some dimensions the QUEST model may need to be adjusted to come closer to a DSGE model. 
580 |a Economic Papers 
700 1 |a Ratto, Marco. 
700 1 |a Roger, Werner. 
700 1 |a Veld, Jan in't  |d 1962- 
700 1 |a Girardi, Riccardo. 
710 2 |a European Commission : Directorate-General for Economic and Financial Affairs. 
773 0 |a Economic papers  |g January 2005, No 220. 
830 |a European Economy. Economic papers ;  |v 220. 
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