“Dave” Liu, Guangling; Gupta, Rangan; Schaling, Eric - In: Journal of Economic Studies 37 (2010) 2, pp. 181-195
Purpose – This paper aims to develops an estimable hybrid model that combines the micro‐founded DSGE model with the flexibility of the atheoretical VAR model. Design/methodology/approach – The model is estimated via the maximum likelihood technique based on quarterly data on real gross...
