کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5099660 1377022 2010 22 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Euro area inflation persistence in an estimated nonlinear DSGE model
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
Euro area inflation persistence in an estimated nonlinear DSGE model
چکیده انگلیسی
We estimate the approximate non-linear solution of a small DSGE model on euro area data, using the conditional particle filter to compute the model likelihood. Our results are consistent with previous findings, based on simulated data, suggesting that this approach delivers sharper inference compared to the estimation of the linearised model. We also show that the non-linear model can account for richer economic dynamics: the impulse responses to structural shocks vary depending on initial conditions selected within our estimation sample.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 34, Issue 10, October 2010, Pages 1837-1858
نویسندگان
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