This paper estimates a dynamic stochastic general equilibrium (DSGE) model for the European Monetary Union by using … Bayesian techniques. A salient feature of the model is an extension of the typically postulated quadratic cost structure for …

. Furthermore, the model can restore the short-run relationship to the dynamic long-long equilibrium at the speed of 35.6%. The …

depend on the asymmetric model but also the choice of the error distribution. Thus, this study will provide adequate …

The papers in this special issue of Mathematics and Computers in Simulation cover the following topics: improving … judgmental adjustment of model-based forecasts, whether forecast updates are progressive, on a constrained mixture vector … autoregressive model, whether all estimators are born equal: the empirical properties of some estimators of long memory …

This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data … small sample properties. We apply the estimator to a model of married women's labor force participation decisions. The … results show that the rarely used Polya model, which is very difficult to estimate given missing data problems, fits the data …

This paper proposes validation using simulation based indirect estimation. It uses typical characteristic moments of … financial market data to assess the similarity of simulation outcomes. …

the underlying statistical distributions, a variety of analyticalmethods and simulation-based methods are available. Aside … orhistorical and Monte Carlo simulation methods. Although these approaches to overall VaR estimation have receivedsubstantial … and incremental VaR in either a non-normal analytical setting or a MonteCarlo / historical simulation context.This paper …