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Persistent link: https://www.econbiz.de/10014391706
We outline a dynamic stochastic general equilibrium (DSGE) model with trend extrapo-lation in asset pricing that we fit to quarterly U.S. macroeconomic time series with Baye-sian techniques. To be more precise, we modify the DSGE model in Smets and Wouters (2007) by incorporating asset traders...
Persistent link: https://www.econbiz.de/10009151734
Persistent link: https://www.econbiz.de/10011522641