Bayesian prior elicitation in DSGE models: macro- vs micro-priors

Marco Lombardi and Giulio Nicoletti

No 1289, Working Paper Series from European Central Bank

Abstract: Bayesian approaches to the estimation of DSGE models are becoming increasingly popular. Prior knowledge is normally formalized either be information concerning deep parameters JEL Classification: C11, C51, E30

Keywords: bayesian estimation; DSGE models; impulse response function; Prior Distribution (search for similar items in EconPapers)
Date: 2011-01
New Economics Papers: this item is included in nep-cba, nep-dge and nep-ecm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp1289.pdf (application/pdf)

Related works:
Journal Article: Bayesian prior elicitation in DSGE models: Macro- vs micropriors (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20111289

Access Statistics for this paper

More papers in Working Paper Series from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().