Title of article
Methodsversussubstance:Measuringtheeffects of technologyshocks
Author/Authors
Jose´ -V?´ctor R?´os-Rull، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2012
Pages
21
From page
826
To page
846
Abstract
Calibrationandmodern(Bayesian)estimationmethodsforaneoclassicalstochastic
growthmodelareappliedtomakethecasethattheidentificationofkeyparameters,
ratherthanquantitativemethodologiesperse,isresponsibleforempiricalfindings.
For concreteness,themodelisusedtomeasurethecontributionsoftechnologyshocksto
thebusinesscyclefluctuationsofhoursworkedandoutput.Alongtheway,newinsights
areprovidedintheparameteridentificationassociatedwithlikelihood-basedestimation,
thesensitivityoflikelihood-basedestimationtothechoiceofstructuralshocksis
assessed,andBayesianmodelaveragingisusedtoaggregatefindingsobtainedfrom
differentDSGEmodelspecifications
Journal title
Journal of Monetary Economics
Serial Year
2012
Journal title
Journal of Monetary Economics
Record number
846560
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