| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19457 |
| 来源ID | Working Paper 19457 |
| Solving and Estimating Indeterminate DSGE Models | |
| Roger E.A. Farmer; Vadim Khramov; Giovanni Nicolò | |
| 发表日期 | 2013-09-19 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We propose a method for solving and estimating linear rational expectations models that exhibit indeterminacy and we provide step-by-step guidelines for implementing this method in the Matlab-based packages Dynare and Gensys. Our method redefines a subset of expectational errors as new fundamentals. This redefinition allows us to treat indeterminate models as determinate and to apply standard solution algorithms. We prove that our method is equivalent to the solution method proposed by Lubik and Schorfheide (2003, 2004), and using the New-Keynesian model described in Lubik and Schorfheide (2004), we demonstrate how to apply our theoretical results with a practical exercise. |
| 主题 | Econometrics ; Estimation Methods |
| URL | https://www.nber.org/papers/w19457 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577131 |
| 推荐引用方式 GB/T 7714 | Roger E.A. Farmer,Vadim Khramov,Giovanni Nicolò. Solving and Estimating Indeterminate DSGE Models. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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