This volume of Advances in Econometrics contains articles that examine key topics in the modeling and estimation of dynamic stochastic general equilibrium (DSGE) models. Because DSGE models combine micro- and macroeconomic theory with formal econometric modeling and inference, over the past decade they have become an established framework for analyzing a variety of issues in empirical macroeconomics. The volume contains research articles that make contributions in several key areas in DSGE modeling and estimation. In particular, papers cover important topics, such as the modeling and role of expectations, the study of optimal monetary policy in two-country models with local currency and producer currency pricing, and the problem of non-invertibility, which arises when the VAR model implied by the state space representation of a linearized DSGE model fails to perfectly reveal the state variables. Other interesting areas of inquiry include the analysis of parameter identification in new open economy macroeconomic models and the modeling of trend inflation shocks. The second part of the volume is devoted to articles that offer innovations in econometric methodology. These papers advance new techniques for addressing major inferential problems and include discussion and applications of Laplace-type, frequency domain, empirical likelihood, and method of moments estimators.
This volume of Advances in Econometrics contains articles that examine key topics in the modeling and estimation of dynamic stochastic general equilibrium (DSGE) models. Because DSGE models combine micro- and macroeconomic theory with formal econometric modeling and inference, over the past decade they have become an established framework for analyzing a variety of issues in empirical macroeconomics. The volume contains research articles that make contributions in several key areas in DSGE modeling and estimation. In particular, papers cover important topics, such as the modeling and role of expectations, the study of optimal monetary policy in two-country models with local currency and producer currency pricing, and the problem of non-invertibility, which arises when the VAR model implied by the state space representation of a linearized DSGE model fails to perfectly reveal the state variables. Other interesting areas of inquiry include the analysis of parameter identification in new open economy macroeconomic models and the modeling of trend inflation shocks. The second part of the volume is devoted to articles that offer innovations in econometric methodology. These papers advance new techniques for addressing major inferential problems and include discussion and applications of Laplace-type, frequency domain, empirical likelihood, and method of moments estimators.
DSGE Models in Macroeconomics: Estimation, Evaluation, and New Developments
467
DSGE Models in Macroeconomics: Estimation, Evaluation, and New Developments
467
Product Details
| ISBN-13: | 9781781903056 |
|---|---|
| Publisher: | Emerald Group Publishing Limited |
| Publication date: | 12/04/2012 |
| Series: | Advances in Econometrics Series , #28 |
| Pages: | 467 |
| Product dimensions: | 6.12(w) x 9.25(h) x 1.62(d) |