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National Repository of Grey Literature 2 records found  Search took 0.00 seconds. 
Issues in adopting DSGE models for use in the policy process
 Fukač, Martin ; Pagan, Adrian
This discussion is structured by three concerns – model design, matching the data and operational requirements. The paper begins with a general discussion of the structure of dynamic stochastic general equilibrium (DSGE) models where writers investigate issues like (i) the type of restrictions being imposed by DSGE models upon system dynamics, (ii) the implication these models would have for "location parameters", viz. growth rates, and (iii) whether these models can track the long-run movements in variables as well as matching dynamic adjustment.
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Ekonometrické otázky vyplývající z DSGE modelů
 Fukač, Martin ; Pagan, A. ; Pavlov, V.
DSGE models are becoming widely used in research. In central bank research there is great interest in the ability of the models to adequately represent the data. Moreover, a natural question that arises is whether it is possible to recover reliable estimates of the parameters of the model from such data sets.
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