Christoffel, Kai; Kuester, Keith; Linzert, Tobias - Center for Financial Studies - 2007
model. We estimate the model using Bayesian techniques for German data from the late 1970s to present. Given the pre-euro … estimate the model using Bayesian techniques for German data
from the late 1970s to present. Given the pre-euro heterogeneity … whole using Bayesian full infor-
mation techniques as in Smets and Wouters (2003). To circumvent the pre-euro heterogeneity …