Assessing Brazilian macroeconomic dynamics using a Markov-switching DSGE model
The goal of this paper is to evaluate the behavior of the main parameters of the Brazilian economy through the estimation of an open-economy dynamic stochastic general equilibrium (DSGE) model using Bayesian methods and allowing for Markov switching of certain parameters. Using the DSGE model develo...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
Emerald Publishing
2016-01-01
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Series: | EconomiA |
Subjects: | |
Online Access: | http://www.sciencedirect.com/science/article/pii/S1517758016300212 |