Main Approaches to the Use of Time-Varying Parameter Models in Macroeconomic Modeling

ОБЗОР ОСНОВНЫХ ПОДХОДОВ К ИСПОЛЬЗОВАНИЮ МОДЕЛЕЙ С МЕНЯЮЩИМИСЯ ВО ВРЕМЕНИ ПАРАМЕТРАМИ В МАКРОЭКОНОМИЧЕСКОМ МОДЕЛИРОВАНИИ

Kazakova, Maria (Казакова, Мария) ()
Additional contact information
Kazakova, Maria (Казакова, Мария): The Russian Presidential Academy of National Economy and Public Administration

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The evaluation of models with time-varying parameters has been widely used in macroeconomic studies carried out over the past 20 years. Following the fundamental works in this field, various authors began to apply such models to analyze the time -varying macroeconomic parameters such as volatility, long-term economic growth, trend inflation, inertia of inflation and oil prices, as well as the dependence of the main macroeconomic variables on oil prices oil. This review provides a methodological basis for using models with time-varying parameters as one of the important tools of macroeconomic modeling and forecasting, which allows taking into account temporary changes in the dependencies between different variables.

Pages: 58 pages
Date: 2021-12-14
New Economics Papers: this item is included in nep-ene
References: Add references at CitEc
Citations:

Downloads: (external link)
https://repec.ranepa.ru/rnp/wpaper/w20220201.pdf
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
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:rnp:wpaper:w20220201

Access Statistics for this paper

More papers in Working Papers from Russian Presidential Academy of National Economy and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by RANEPA maintainer ().