Title of article :
FormingpriorsforDSGEmodels(andhowitaffectsthe
assessment ofnominalrigidities
Author/Authors :
MarcoDelNegro، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2008
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
Journal title :
Journal of Monetary Economics
