Search Results - subject:"VARMA errors"

Technology shocks and aggregate fluctuations in an estimated hybrid RBC model

Malley, Jim; Woitek, Ulrich - 2009

This paper contributes to the on-going empirical debate regarding the role of the RBC model and in particular of technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov-Chain Monte-Carlo (MCMC) methods. Within this framework we...

Persistent link: https://www.econbiz.de/10010264619

Technology Shocks and Aggregate Fluctuations in an Estimated Hybrid RBC Model

Malley, Jim; Woitek, Ulrich - CESifo - 2009

This paper contributes to the on-going empirical debate regarding the role of the RBC model and in particular of technology shocks in explaining aggregate fluctuations. To this end we estimate the model’s posterior density using Markov-Chain Monte-Carlo (MCMC) methods. Within this framework we...

Persistent link: https://www.econbiz.de/10005000367

Technology shocks and aggregate fluctuations in an estimated hybrid RBC model

Malley, Jim; Woitek, Ulrich - Department of Economics, Adam Smith Business School - 2009

: Real Business Cycle, Bayesian estimation, VARMA errors JEL codes: C11, C52, E32 ∗We would like to thank seminar …

Persistent link: https://www.econbiz.de/10005687314

Technology shocks and aggregate fluctuations in an estimated hybrid RBC model

Malley, Jim; Woitek, Ulrich - Institut für Volkswirtschaftslehre, … - 2009

This paper contributes to the on-going empirical debate regarding the role of the RBC model and in particular of technology shocks in explaining aggregate fluctuations. To this end we estimate the model’s posterior density using Markov-Chain Monte-Carlo (MCMC) methods. Within this framework we...

Persistent link: https://www.econbiz.de/10005184881