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On Identification of Bayesian DSGE Models [PDF]

open access: yes
In recent years there has been increasing concern about the identification of parameters in dynamic stochastic general equilibrium (DSGE) models. Given the structure of DSGE models it may be difficult to determine whether a parameter is identified.
Gary Koop   +2 more
core  

Labor-Supply Shifts and Economic Fluctuations [PDF]

open access: yes
We investigate the role of labor-supply shifts in economic fluctuations. A new VAR identification scheme for labor supply shocks is proposed. According to our VAR analysis of post-war U.S. data, labor-supply shifts account for about half the variation in
Frank Schorfheide, Yongsung Chang
core  

A Small Open Economy DSGE Model for Pakistan [PDF]

open access: yes
This paper estimates a small open economy Dynamic Stochastic General Equilibrium (DSGE) model for Pakistan using Bayesian simulation approach. Model setup is based on new Keynesian framework, characterized by nominal rigidity in prices with habit ...
Haider, Adnan, Khan, Safdar Ullah
core   +1 more source

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