Policy predictions if the model doesn’t fit

Arbeitspapier

This paper uses a novel method for conducting policy analysis with potentially misspecified DSGE models (Del Negro and Schorfheide 2004) and applies it to a simple New Keynesian DSGE model. We illustrate the sensitivity of the results to assumptions on the policy invariance of model misspecifications.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 2004-38

Classification and Topics

• Classification: Wirtschaft
• Subject: Dynamisches Gleichgewicht ; Modellierung ; Bayes-Statistik ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Del Negro, Marco ; Schorfheide, Frank
• Event: Veröffentlichung
• (who): Federal Reserve Bank of Atlanta
• (where): Atlanta, GA
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/100966
• Last update: 2025-03-10T11:45:06+0100