Fernández-Villaverde, Jesús; Guerrón-Quintana, Pablo; … - Department of Economics, University of Pennsylvania - 2010
build a medium-scale dynamic stochastic general equilibrium (DSGE) model with both stochastic volatility and parameter … drifting in the Taylor rule and we estimate it non-linearly using U.S. data and Bayesian methods. Methodologically, we show how …