Consolo, Agostino; Favero, Carlo A.; Paccagnini, Alessia - IGIER (Innocenzo Gasparini Institute for Economic … - 2007
Dynamic Stochastic General Equilibrium (DSGE) models are now considered attractive by the profession not only from the theoretical perspective but also from an empirical standpoint. As a consequence of this development, methods for diagnosing the fit of these models are being proposed and...