An inference about the length of the time-to-build period

This study attempts to infer the length of aggregate time-to-build period by estimating DSGE models with different investment lags and comparing their fits to the data. The models considered in this study use two, four, six, and eight quarters of investment lags. The Bayesian estimation result indicates that the model with six quarters of investment lags fits the data significantly better than the others.

MoreLess

Year of publication:	2013
Authors:	Jung, Yong-Gook
Published in:	Economic Modelling. - Elsevier, ISSN 0264-9993. - Vol. 33.2013, C, p. 42-54
Publisher:	Elsevier
Subject:	Time-to-build \| DSGE model \| Bayesian estimation

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Classification:	C51 - Model Construction and Estimation ; E22 - Capital; Investment (including Inventories); Capacity ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010737985