DSGE Models for Monetary Policy Analysis

Lawrence J. Christiano, Mathias Trabandt, Karl Walentin

Monetary DSGE models are widely used because they fit the data well and they can be used to address important monetary policy questions. We provide a selective review of these developments. Policy analysis with DSGE models requires using data to assign numerical values to model parameters. The chapter describes and implements Bayesian moment matching and impulse response matching procedures for this purpose

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Year of publication:	June 2010
Authors:	Christiano, Lawrence J.
Other Persons:	Walentin, Karl (contributor) ; Trabandt, Mathias (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Geldpolitik \| Monetary policy \| Dynamisches Gleichgewicht \| Dynamic equilibrium \| Theorie \| Theory \| Wissenschaftliche Methode \| Scientific method

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w16074
Type of publication:	Book / Working Paper
Language:	English
Notes:	Mode of access: World Wide Web System requirements: Adobe [Acrobat] Reader required for PDF files Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w16074 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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