Title of article
FormingpriorsforDSGEmodels(andhowitaffectsthe assessment ofnominalrigidities
Author/Authors
MarcoDelNegro، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2008
Pages
18
From page
1191
To page
1208
Abstract
Wediscusspriorelicitationfortheparametersofdynamicstochasticgeneral
equilibrium(DSGE)models,andprovideamethodforconstructingpriordistributions
for asubsetoftheseparametersfrombeliefsaboutsteady-staterelationshipsand
second momentsoftheendogenousvariables.Theempiricalapplicationdocuments
how thespecificationofthepriordistributionaffectsourassessmentoftherelative
importanceofpriceandwagerigiditiesinaNewKeynesianDSGEmodel
Keywords
BayesiananalysisDSGE modelsModel comparisonsPrior elicitationNominal rigidities
Journal title
Journal of Monetary Economics
Serial Year
2008
Journal title
Journal of Monetary Economics
Record number
846243
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