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...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Andrle, Michal
अन्य लेखक: Benes, Jaromir
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2013.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2013/257
विषय:
ऑनलाइन पहुंच:Full text available on IMF