Estimating DSGE model parameters in a small open economy: Do real-time data matter?

Estimating DSGE model parameters in a small open economy: Do real-time data matter?

This paper investigates the differences between parameters estimated using real-time and those estimated with revised data. The models used are New Keynesian DSGE models of the Czech, Polish, Hungarian, Swiss, and Swedish small open economies in interaction with the euro area. The paper also offers...

Full description

Bibliographic Details
Main Author: Capek Jan
Format: Article
Language:English
Published: Sciendo 2015-03-01
Series:Review of Economic Perspectives
Subjects:
real-time data
revision
dsge model
bayesian estimation
recursive estimation
Online Access:https://doi.org/10.1515/revecp-2015-0001

Internet

https://doi.org/10.1515/revecp-2015-0001

Similar Items