Malley, James R.; Woitek, Ulrich - 2009
the number of observables in the model (see, e.g.
Bencivenga (1992), Ireland (1997, 2001a,b, 2002), DeJong et al. (2000a …,b), Kim (2000),
Schorfheide (2000), Smets and Wouters (2003) and Bouakez et al. (2005)).
3
found in the data. Hence, it … competing mod-
els we consider but instead use simulation methods pioneered in dynamic
macroeconomics by DeJong et al. (2000a …