Coverart for item
The Resource DSGE models in macroeconomics : estimation, evaluation and new developments, edited by Nathan Balke, Fabio Canova, Fabio Milani, Mark A. Wynne, (electronic resource)

DSGE models in macroeconomics : estimation, evaluation and new developments, edited by Nathan Balke, Fabio Canova, Fabio Milani, Mark A. Wynne, (electronic resource)

Label
DSGE models in macroeconomics : estimation, evaluation and new developments
Title
DSGE models in macroeconomics
Title remainder
estimation, evaluation and new developments
Statement of responsibility
edited by Nathan Balke, Fabio Canova, Fabio Milani, Mark A. Wynne
Creator
Contributor
Editor
Subject
Language
eng
Summary
This volume of Advances in Econometrics contains articles that examine key topics in the modeling and estimation of dynamic stochastic general equilibrium (DSGE) models. Because DSGE models combine micro- and macroeconomic theory with formal econometric modeling and inference, over the past decade they have become an established framework for analyzing a variety of issues in empirical macroeconomics. The research articles make contributions in several key areas in DSGE modeling and estimation. In particular, papers cover the modeling and role of expectations, the study of optimal monetary poli
Member of
Cataloging source
AU-PeEL
http://library.link/vocab/creatorName
Balke, Nathan
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Canova, Fabio
  • Milani, Fabio
  • Wynne, Mark A.
Series statement
  • ProQuest Ebook Central
  • Advances in econometrics
Series volume
v.28
http://library.link/vocab/subjectName
  • Econometric models
  • International trade
  • Keynesian economics
  • Macroeconomics
  • Stochastic models
  • Inflation (Finance)
  • Estimation theory
  • Equilibrium (Economics)
  • Economic forecasting
Label
DSGE models in macroeconomics : estimation, evaluation and new developments, edited by Nathan Balke, Fabio Canova, Fabio Milani, Mark A. Wynne, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=http://EUI.eblib.com/patron/FullRecord.aspx?p=1105031
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
  • Front cover; DSGE models in macroeconomics: estimation, evaluation, and new developments; copyright page; contents; list of contributors; introduction; part I: modeling and estimation practice; the modeling of expectations in empirical DSGE models: a survey; introduction; a prototypical DSGE model; the modeling of expectations; expectations & the ''new (Bayesian) macroeconometrics''; problems with the rational expectations hypothesis; refinements of rational expectation models; departures from rational expectations: adaptive learning; exploiting observed expectations form surveys; conclusions
  • Notes acknowledgment; references; optimal monetary policy in an estimated local currency pricing model; introduction; the model; estimation; optimal monetary policy under LCP and PCP; conclusion; notes; notes; acknowledgment; references; references; news, non-invertibility, and structural vars; introduction; the mapping between DSGE models and VARS; a DSGE model; VARS with non-invertibility: Monte Carlo results; robustness; adding information; concluding thoughts; notes; references; appendix: state space representation of the various models
  • Bayesian estimation of NOEM models: identification and inference in small samples introduction; benchmark two-country model; methodology: solution and estimation; Bayesian estimation: some findings; concluding remarks; notes; acknowledgment; references; appendix; fitting U.S. trend inflation: a rolling-window approach; introduction; trend inflation estimates: a helicopter tour; a structural analysis with a small-scale DSGE model; rolling-window approach; a larger-scale DSGE model; conclusions; notes; acknowledgments; references
  • Expectation formation and monetary DSGE models: beyond the rational expectations paradigmintroduction; a benchmark monetary dsge model; the formation of expectations; rational versus nonrational expectations econometrics; econometric evaluation; what have we learned?; conclusions; acknowledgement; data appendix; part II: econometric methodology; approximation properties of laplace-type estimators; introduction; distribution theory; stochastic stability of diffusion processes; empirical application; conclusion; notes; acknowledgment; references; appendix
  • Frequency domain analysis of medium scale DSGE models with application to Smets and Wouters (2007) introduction; the DSGE model of SW (2007); identification analysis; estimation and inference; impulse response analysis; model diagnostics from a frequency domain perspective; conclusion and discussion; notes; acknowledgment; references; appendix: equations and variables in the flexible price-wage economy; on the estimation of dynamic stochastic general equilibrium models: an empirical likelihood approach; introduction; the empirical likelihood framework; an illustration; estimation strategy
  • Concluding remarks: limitations
Control code
u385861
Dimensions
unknown
Extent
1 online resource (480 pages)
Form of item
electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9781781903063
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
  • EBL1105031
  • (OCoLC)822967874
Label
DSGE models in macroeconomics : estimation, evaluation and new developments, edited by Nathan Balke, Fabio Canova, Fabio Milani, Mark A. Wynne, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=http://EUI.eblib.com/patron/FullRecord.aspx?p=1105031
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
  • Front cover; DSGE models in macroeconomics: estimation, evaluation, and new developments; copyright page; contents; list of contributors; introduction; part I: modeling and estimation practice; the modeling of expectations in empirical DSGE models: a survey; introduction; a prototypical DSGE model; the modeling of expectations; expectations & the ''new (Bayesian) macroeconometrics''; problems with the rational expectations hypothesis; refinements of rational expectation models; departures from rational expectations: adaptive learning; exploiting observed expectations form surveys; conclusions
  • Notes acknowledgment; references; optimal monetary policy in an estimated local currency pricing model; introduction; the model; estimation; optimal monetary policy under LCP and PCP; conclusion; notes; notes; acknowledgment; references; references; news, non-invertibility, and structural vars; introduction; the mapping between DSGE models and VARS; a DSGE model; VARS with non-invertibility: Monte Carlo results; robustness; adding information; concluding thoughts; notes; references; appendix: state space representation of the various models
  • Bayesian estimation of NOEM models: identification and inference in small samples introduction; benchmark two-country model; methodology: solution and estimation; Bayesian estimation: some findings; concluding remarks; notes; acknowledgment; references; appendix; fitting U.S. trend inflation: a rolling-window approach; introduction; trend inflation estimates: a helicopter tour; a structural analysis with a small-scale DSGE model; rolling-window approach; a larger-scale DSGE model; conclusions; notes; acknowledgments; references
  • Expectation formation and monetary DSGE models: beyond the rational expectations paradigmintroduction; a benchmark monetary dsge model; the formation of expectations; rational versus nonrational expectations econometrics; econometric evaluation; what have we learned?; conclusions; acknowledgement; data appendix; part II: econometric methodology; approximation properties of laplace-type estimators; introduction; distribution theory; stochastic stability of diffusion processes; empirical application; conclusion; notes; acknowledgment; references; appendix
  • Frequency domain analysis of medium scale DSGE models with application to Smets and Wouters (2007) introduction; the DSGE model of SW (2007); identification analysis; estimation and inference; impulse response analysis; model diagnostics from a frequency domain perspective; conclusion and discussion; notes; acknowledgment; references; appendix: equations and variables in the flexible price-wage economy; on the estimation of dynamic stochastic general equilibrium models: an empirical likelihood approach; introduction; the empirical likelihood framework; an illustration; estimation strategy
  • Concluding remarks: limitations
Control code
u385861
Dimensions
unknown
Extent
1 online resource (480 pages)
Form of item
electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9781781903063
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
  • EBL1105031
  • (OCoLC)822967874

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