Two Essays on Maximum Likelihood Estimation: Dynamic Stochastic General Equilibrium Models - Couverture souple

Kozak, Gulnur

 
9783639154214: Two Essays on Maximum Likelihood Estimation: Dynamic Stochastic General Equilibrium Models
Couverture souple
ISBN 10 : 3639154215 ISBN 13 : 9783639154214
Editeur : VDM Verlag, 2009

Synopsis

In recent years, a vast macroeconomic and finance literature has been devoted to building DSGE models to explain the impact of various macroeconomic shocks on output, inflation and interest rates. The DSGE models that have numerous frictions and different types of shocks are the standard tool in macroeconomic analysis, and they appear to reproduce the data in many important dimensions. This work consists of two essays on maximum likelihood estimation of DSGE models. The first essay focuses on a monetary DSGE model of term structure, and the estimation of its structural parameters, while the second essay explores and compares three different versions of New Keynesian DSGE models. A general background is provided for the models, and their estimation techniques along with a review of the term structure models and New Keynesian models.

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Éditeur
VDM Verlag
Date d'édition
2009
Langue
anglais
ISBN 10 
3639154215
ISBN 13 
9783639154214
Reliure
Broché
Nombre de pages
156
Coordonnées du fabricant
non disponible
Personne responsable
non disponible