EMPIRICAL PROPERTIES OF CLOSED- AND OPEN-ECONOMY DSGE MODELS OF THE EURO AREA

In this paper, we compare the empirical properties of closed- and open-economy DSGEmodels estimated on Euro area data. The comparison is made along several dimensions;we examine the models in terms of their marginal likelihoods, forecasting performance,variance decompositions, and their transmission mechanisms of monetary policy.[...]

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Year of publication:	2008-04-01
Authors:	ADOLFSON, MALIN ; Laséen, Stefan ; Lindé, Jesper ; Villani, Mattias
Institutions:	Sveriges Riksbank <Stockholm> / Economics Department
Published in:	London School of Economics and Political Science - Publications Macroeconomic Dynamics, 12 (Supplement 1), 2008, 2–19
Subject:	Modell \| Bayes-Inferenz \| Geldpolitik \| Geschlossene Volkswirtschaft \| Closed Economy

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Extent:	142336 bytes 18 p. application/pdf
Type of publication:	Book / Working Paper
Language:	English
Classification:	Financial theory ; Market research ; Individual Reports, Studies ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009138461