Estimation and Evaluation of DSGE Models: Progress and Challenges

Frank Schorfheide

No 16781, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Estimated dynamic stochastic equilibrium (DSGE) models are now widely used for empirical research in macroeconomics as well as for quantitative policy analysis and forecasting at central banks around the world. This paper reviews recent advances in the estimation and evaluation of DSGE models, discusses current challenges, and provides avenues for future research.

JEL-codes: C32 C50 E30 E50 (search for similar items in EconPapers)
Date: 2011-02
Note: EFG ME
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (57)

Published as “Estimation and Evaluation of DSGE Models: Progress and Challenges.” Forthcoming in: D. Acemoglu, M. Arellano, and E. Deckel (eds .): “Advances in Economics and Econometrics: Theory and Applications, Tenth World Congress,” Vol 3 , 2 013, Cambridge University Press , 184 - 230.

Downloads: (external link)
http://www.nber.org/papers/w16781.pdf (application/pdf)

Related works:
Working Paper: Estimation and evaluation of DSGE models: progress and challenges (2011)
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:nbr:nberwo:16781

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w16781

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().