| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3516 |
| DP3516 Knowledge Creation and Control in Organizations | |
| Diego Puga; Daniel Trefler | |
| 发表日期 | 2002-08-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Robust sign restrictions derived from calibrated DSGE models are used to identify structual shocks in the actual data. The dynamic behaviour of selected variables in response to these shocks is employed to measure, both qualitatively and quantitatively, the economic discrepancy between the model and the data. We design an algorithm that allows increasingly demanding diagnostics on the model, room for respecification at each stage of the process and comparison across models. We show that neither a limited participation model, nor a sticky price monopolistic-competitive model, fully accounts for the dynamics of a small set of macro variables. Furthermore simple alterations of the former fail to improve the match with the data, even in qualitative sense. |
| 主题 | International Macroeconomics |
| 关键词 | Dynamic general equilibrium models Vars Sign restrictions Model evaluation |
| URL | https://cepr.org/publications/dp3516 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532529 |
| 推荐引用方式 GB/T 7714 | Diego Puga,Daniel Trefler. DP3516 Knowledge Creation and Control in Organizations. 2002. |
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