Estimation of General Equilibium Model in Dynamic Economies using Markov Chain Monte Carlo Methods
This paper describes a general procedure to do Bayesian inference based on the likelihood evaluation of the stochastic general equilibrium models (MEGE) through Markov Chain Monte Carlo methods (MCMC). The proposed methodology involves log linearizing the model, transformed into state space form, th...
| Main Authors: | , , |
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| Format: | Article |
| Language: | Spanish |
| Published: |
Universidad de Costa Rica
2012-03-01
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| Series: | Revista de Matemática: Teoría y Aplicaciones |
| Online Access: | https://revistas.ucr.ac.cr/index.php/matematica/article/view/2102 |