| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11818 |
| DP11818 A note on news about the future: the impact on DSGE models and their VAR representation | |
| Patrick Minford; David Meenagh; Vo Phuong Mai Le | |
| 发表日期 | 2017-01-31 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | In this paper we investigate the role of news shocks in aggregate fluctuations by comparing the empirical performance of models with and without the feature of the news shocks. We found a trivial difference between the two models. That is, the model with news shocks explains the variation as well as the alternative. The reason is that the news shocks can only advance the date at which agents know about the changes, but they do not change the stochastic structure of the model. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | News shocks Dsge Var indirect inference |
| URL | https://cepr.org/publications/dp11818 |
| 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/540631 |
| 推荐引用方式 GB/T 7714 | Patrick Minford,David Meenagh,Vo Phuong Mai Le. DP11818 A note on news about the future: the impact on DSGE models and their VAR representation. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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