DSGE Models for Monetary Policy Analysis

Lawrence Christiano, Mathias Trabandt and Karl Walentin

No 16074, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Monetary DSGE models are widely used because they fit the data well and they can be used to address important monetary policy questions. We provide a selective review of these developments. Policy analysis with DSGE models requires using data to assign numerical values to model parameters. The chapter describes and implements Bayesian moment matching and impulse response matching procedures for this purpose.

JEL-codes: E2 E3 E5 J6 (search for similar items in EconPapers)
Date: 2010-06
Note: EFG
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Citations: View citations in EconPapers (240)

Published as DSGE Models for Monetary Policy Analys is, joint with Mathia s Trabandt and Karl Walentin, in Benjamin M. Friedman, and Michael Woodford, editors: Handbook of Monetary Economics , Vol. 3A, The Netherlands: North-Holland.

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Chapter: DSGE Models for Monetary Policy Analysis (2010)
Working Paper: DSGE models for monetary policy analysis (2010)
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