Understanding DSGE Filters in Forecasting and Policy Analysis:
This paper introduces methods that allow analysts to (i) decompose the estimates of unobserved quantities into observed data, (ii) to better understand revision properties of the model, and (iii) to impose subjective prior constraints on path estimates of unobserved shocks in structural economic mod...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
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Schriftenreihe: | IMF Working Papers
Working Paper No. 13/98 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper introduces methods that allow analysts to (i) decompose the estimates of unobserved quantities into observed data, (ii) to better understand revision properties of the model, and (iii) to impose subjective prior constraints on path estimates of unobserved shocks in structural economic models. For instance, a decomposition of the flexible-price output gap, or a technology shock, into contributions of output, inflation, interest rates, and other observed variables' contribution is feasible. The intuitive nature and analytical clarity of the suggested procedures are appealing for policy-related and forecasting models |
Beschreibung: | 1 Online-Ressource (23 p) |
ISBN: | 1484301358 9781484301357 |
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spelling | Andrle, Michal Verfasser aut Understanding DSGE Filters in Forecasting and Policy Analysis Andrle, Michal Washington, D.C International Monetary Fund 2013 1 Online-Ressource (23 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/98 This paper introduces methods that allow analysts to (i) decompose the estimates of unobserved quantities into observed data, (ii) to better understand revision properties of the model, and (iii) to impose subjective prior constraints on path estimates of unobserved shocks in structural economic models. For instance, a decomposition of the flexible-price output gap, or a technology shock, into contributions of output, inflation, interest rates, and other observed variables' contribution is feasible. The intuitive nature and analytical clarity of the suggested procedures are appealing for policy-related and forecasting models Online-Ausg http://elibrary.imf.org/view/IMF001/20456-9781484301357/20456-9781484301357/20456-9781484301357.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Andrle, Michal Understanding DSGE Filters in Forecasting and Policy Analysis |
title | Understanding DSGE Filters in Forecasting and Policy Analysis |
title_auth | Understanding DSGE Filters in Forecasting and Policy Analysis |
title_exact_search | Understanding DSGE Filters in Forecasting and Policy Analysis |
title_exact_search_txtP | Understanding DSGE Filters in Forecasting and Policy Analysis |
title_full | Understanding DSGE Filters in Forecasting and Policy Analysis Andrle, Michal |
title_fullStr | Understanding DSGE Filters in Forecasting and Policy Analysis Andrle, Michal |
title_full_unstemmed | Understanding DSGE Filters in Forecasting and Policy Analysis Andrle, Michal |
title_short | Understanding DSGE Filters in Forecasting and Policy Analysis |
title_sort | understanding dsge filters in forecasting and policy analysis |
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