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Structural estimation of the New-Keynesian model : a formal test of backward- and forward-looking behavior
Jang, Tae-Seok - 2012
classical estimation methods. Finally, the performance of the formal test is analyzed using the Akaike’s and the Bayesian …
Persistent link: https://www.econbiz.de/10009563776
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Moment matching versus Bayesian estimation : backward-looking behaviour in a new-Keynesian baseline model
Franke, Reiner; Jang, Tae-Seok; Sacht, Stephen - 2012
The paper considers an elementary New-Keynesian three equation model and compares its Bayesian estimation to the …
Persistent link: https://www.econbiz.de/10009618804
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Animal spirits and the business cycle : empirical evidence from moment matching
Jang, Tae-Seok; Sacht, Stephen - 2014
inflation gap. The model is estimated via the simulated method of moments using Euro Area data from 1975Q1 to 2009Q4. In …
Persistent link: https://www.econbiz.de/10010348346
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Moment matching versus Bayesian estimation : backward-looking behaviour in a new-Keynesian baseline model ; conference paper
Franke, Reiner; Jang, Tae-Seok; Sacht, Stephen - 2013
The paper considers an elementary New-Keynesian three equation model and compares its Bayesian estimation to the …
Persistent link: https://www.econbiz.de/10010344663