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...
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 |
Ετικέτες: |
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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. | ||
300 | |a 45 σ. ; |c 30 εκ. | ||
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. | ||
852 | |a INST |b UNIPILB |c KET |e 20090311 |p eeep 220 |q eeep 220 |t NOLOAN |y 23 |4 1 | ||
856 | 4 | 1 | |u http://ec.europa.eu/economy_finance/publications/publication_summary11044_en.htm |