System Priors : Formulating Priors about DSGE Models' Properties /

This paper proposes a novel way of formulating priors for estimating economic models. System priors are priors about the model's features and behavior as a system, such as the sacrifice ratio or the maximum duration of response of inflation to a particular shock, for instance. System priors rep...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Andrle, Michal
Weitere Verfasser: Benes, Jaromir
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2013.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2013/257
Schlagworte:
Online Zugang:Full text available on IMF