Title: Bayesian Estimation of DSGE Models: Is the Workhorse Model Identified?
Abstract: Koop, Pesaran and Smith (2011) suggest a simple diagnostic indicator for the Bayesian estimation of the parameters of a DSGE model. They show that, if a parameter is well identied, the precision of the posterior should improve as the (articial) data size
Publication Year: 2012
Publication Date: 2012-02-01
Language: en
Type: preprint
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Cited By Count: 3
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