Arbeitspapier
ARGEMmy: An intermediate DSGE model calibrated/estimated for Argentina: two policy rules are often better than one
The purpose of this paper is to advance in the construction and calibration/estimation of an intermediate DSGE model with two policy rules for Argentina and explore to what extent two policy rules can be better than one. The BCRA´s research department currently uses a very small and non-micro founded model with two policy rules which I designed a few years ago (MEP: Modelo Económico Pequeño (see Elosegui, Escudé, Garegnani and Sotes Paladino 2007)) as the backbone for a system of macro and monetary projections. During 2006-07 I constructed the much larger DSGE model ARGEM, mainly for research purposes. It seemed that there was need for an intermediate sized DSGE model that could be of help in bridging the gap between the two. ARGEMmy is the result of this new effort. Hopefully, it will help in bringing the DSGE modeling strategy closer to the policy environment.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2009/42
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Computational Techniques; Simulation Modeling
- Thema
-
Argentina
Bayesian estimation
DSGE models
policy rules
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Escudé, Guillermo
- Ereignis
-
Veröffentlichung
- (wer)
-
Banco Central de la República Argentina (BCRA), Investigaciones Económicas (ie)
- (wo)
-
Buenos Aires
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Escudé, Guillermo
- Banco Central de la República Argentina (BCRA), Investigaciones Económicas (ie)
Entstanden
- 2009
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