One of the leading methods of estimating the structural parameters of DSGE models is the VAR-based impulse response … both weakly and strongly identified DSGE model parameters. We also show that under our assumptions special care is needed …

One of the leading methods of estimating the structural parameters of DSGE models is the VAR-based impulse response … sheds new light on the choice of the weighting matrix and covers both weakly and strongly identified DSGE model parameters …

One of the leading methods of estimating the structural parameters of DSGE models is the VAR-based impulse response … sheds new light on the choice of the weighting matrix and covers both weakly and strongly identified DSGE model parameters …

stability of the solutions of linear dynamic stochastic general equilibrium (DSGE) models. Comparing seven different solution … inaccuracies. The analysis is then performed for a database of roughly 100 DSGE models from the literature and a large set of draws …

solution methods suitable for standard DSGE estimation and analysis procedures. This approach generalizes the time …

large-scale SSMs, making it particularly useful to estimate dynamic stochastic general equilibrium (DSGE) models and dynamic … factor models. Tests using a medium-scale DSGE model, namely the 2007 version of the Smets and Wouters model, show that the …

Using Monte Carlo experiments, we examine the performance of Indirect Inference tests of DSGE models, usually versions … (using the Likelihood Ratio), and on the Del Negro-Schorfheide DSGE-VAR weight. We find that the power of all three tests is …

stochastic general equilibrium (DSGE) model. We use the DSGE model priors to determine the moments of an independent Normal …-Wishart prior for the VAR parameters. Two hyper-parameters control the tightness of the DSGE-implied priors on the autoregressive … maximize the marginal likelihood of the Bayesian VAR provides a method for isolating subsets of DSGE parameter priors that are …

methodology of constructing Dynamic Stochastic General Equilibrium (DSGE) consistent prior distributions for Bayesian Vector … Ravenna (2007) regarding structural VAR (SVAR) models and the normal prior density of the DSGE parameter vector. In line with … used to rank competing DSGE theories that aim to explain the same observed data (Geweke, 2005). Finally, motivated by the …