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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Andrle, Michal
Awduron Eraill: Benes, Jaromir
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2013.
Cyfres:IMF Working Papers; Working Paper ; No. 2013/257
Pynciau:
Mynediad Ar-lein:Full text available on IMF