Sacht, Stephen - Institut für Volkswirtschaftslehre, … - 2014
estimation of a standard hybrid New-Keynesian model. In particular, we shed a light on the impact of micro- and macropriors on …, Franke et al. (2012)) and Bayesian technique in order to evaluate macropriors. In this respect we define a two … while (transformed) micropriors are often used in the literature, applying macropriors evaluated via the MoMBay approach …