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DSGE Models for Monetary Policy Analysis / Lawrence J. Christiano, Mathias Trabandt, Karl Walentin.
- Format:
- Book
- Author/Creator:
- Christiano, Lawrence J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w16074.
- NBER working paper series no. w16074
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2010.
- Summary:
- Monetary DSGE models are widely used because they fit the data well and they can be used to address important monetary policy questions. We provide a selective review of these developments. Policy analysis with DSGE models requires using data to assign numerical values to model parameters. The chapter describes and implements Bayesian moment matching and impulse response matching procedures for this purpose.
- Notes:
- Print version record
- June 2010.
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