Oliveira, Eleonora de; Palma, Andreza Aparecida; … - In: Latin American journal of central banking : LAJCB 5 (2024) 1, pp. 1-15
. Conversely, estimates derived from Dynamic Stochastic General Equilibrium (DSGE) models encounter challenges stemming from the … specified DSGE model that incorporates Markov-Switching elements (MS-DSGE) to account for potential regime shifts. We introduce …-Prescott) filter estimate performs better in the short and mid-term, but the MS-DSGE estimate presented better results in the long run …