Wieland, Volker; Afanasyeva, Elena; Ngougning, Meguy Kuete - 2016
effective policy strategies. This paper reviews the literature on model comparison and presents a new approach for comparative … macroeconomic modeling. Several applications serve to illustrate the usefulness of model comparison and the new tools in the area of … comparison of monetary policy transmission across model generations and a cross-country comparison of the impact of changes in …
