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01702cas a2200265 a 4500 |
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AALejournalIMF013920 |
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|c 5.00 USD
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|z 9781475589214
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Farmer, Roger.
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|a Solving and Estimating Indeterminate DSGE Models /
|c Roger Farmer, Vadim Khramov.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2013.
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| 300 |
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|a 1 online resource (30 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a We propose a method for solving and estimating linear rational expectations models that exhibit indeterminacy and we provide step-by-step guidelines for implementing this method in the Matlab-based packages Dynare and Gensys. Our method redefines a subset of expectational errors as new fundamentals. This redefinition allows us to treat indeterminate models as determinate and to apply standard solution algorithms. We provide a selection method, based on Bayesian model comparison, to decide which errors to pick as fundamental and we present simulation results to show how our procedure works in practice.
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|a Mode of access: Internet
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|a WP
|2 imf
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|a Khramov, Vadim.
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|a IMF Working Papers; Working Paper ;
|v No. 2013/200
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2013/200/001.2013.issue-200-en.xml
|z IMF e-Library
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