Similar Search Results

How useful are DSGE macroeconomic models for forecasting?

Wickens, Michael R. - In: Open economies review 25 (2014) 1, pp. 171-193

Persistent link: https://www.econbiz.de/10010371879

Testing a DSGE model of the EU using indirect inference

Meenagh, David; Minford, Patrick; Wickens, Michael - 2008

We use the method of indirect inference, using the bootstrap, to test the Smets and Wouters model of the EU against a VAR auxiliary equation describing their data. We find that their model generates excessive variance compared with the data. But their model fits the dynamic facts quite well if...

Persistent link: https://www.econbiz.de/10010288868

Testing a DSGE model of the EU using indirect inference

Meenagh, David (contributor); Minford, Patrick (contributor) - 2008

Persistent link: https://www.econbiz.de/10003739572

Testing a DSGE model of the EU using indirekt inference

Meenagh, David; Minford, Patrick; Wickens, Michael R. - 2008

Persistent link: https://www.econbiz.de/10003774025

Testing a DSGE model of the EU using indirect inference

Meenagh, David; Minford, Patrick; Wickens, Michael R. - In: Open economies review 20 (2009) 4, pp. 435-471

Persistent link: https://www.econbiz.de/10003882394

The 'puzzles' methodology : en route to indirect inference?

Le, Vo Phuong Mai; Minford, Patrick; Wickens, Michael R. - 2009

We review the methods used in many papers to evaluate DSGE models by comparing their simulated moments with data moments. We compare these with the method of Indirect Inference to which they are closely related. We illustrate the comparison with contrasting assessments of a two-country model in...