A Proposal for a Flexible Trend Specification in DSGE Models

A Proposal for a Flexible Trend Specification in DSGE Models

In this paper I propose a flexible trend specification for estimating DSGE models on log differences. I demonstrate this flexible trend specification on a New Keynesian DSGE model of two economies, which I consequently estimate on data from the Czech economy and the euro area, using Bayesian techniq...

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Bibliographic Details
Main Author: Slanicay Martin
Format: Article
Language:English
Published: Sciendo 2016-06-01
Series:Review of Economic Perspectives
Subjects:
dsge model
trend specification
bayesian estimation
Online Access:https://doi.org/10.1515/revecp-2016-0006

Internet

https://doi.org/10.1515/revecp-2016-0006

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