Data cloning: Maximum likelihood estimation of DSGE models

Data cloning: Maximum likelihood estimation of DSGE models

We present evidence supporting the use of the data cloning method for maximum likelihood estimation of Dynamic Stochastic General Equilibrium models. In the data cloning method, maximum likelihood estimators are obtained as the limit of Bayesian estimators, enjoying the computational advantages of M...

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Bibliographic Details
Main Authors:	Luiz Gustavo C. Furlani, Márcio P. Laurini, Marcelo S. Portugal
Format:	Article
Language:	English
Published:	Elsevier 2020-08-01
Series:	Results in Applied Mathematics
Subjects:	Likelihood estimation Dynamic Stochastic General Equilibrium Bayesian asymptotics
Online Access:	http://www.sciencedirect.com/science/article/pii/S2590037420300315

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