Estimation and evaluation of DSGE models: progress and challenges

Estimated dynamic stochastic equilibrium (DSGE) models are now widely used for empirical research in macroeconomics as well as for quantitative policy analysis and forecasting at central banks around the world. This paper reviews recent advances in the estimation and evaluation of DSGE models, discusses current challenges, and provides avenues for future research.

MoreLess

Year of publication:	2011
Authors:	Schorfheide, Frank
Institutions:	Federal Reserve Bank of Philadelphia
Subject:	Econometric models \| Stochastic analysis

More details

Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 11-7
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008836194