Arbeitspapier
Monetary policy analysis with potentially misspecified models
The paper proposes a novel method for conducting policy analysis with potentially misspecified dynamic stochastic general equilibrium (DSGE) models and applies it to a New Keynesian DSGE model along the lines of Christiano, Eichenbaum, and Evans (JPE 2005) and Smets and Wouters (JEEA 2003). We first quantify the degree of model misspecification and then illustrate its implications for the performance of different interest rate feedback rules. We find that many of the prescriptions derived from the DSGE model are robust to model misspecification.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2005-26
- Classification
-
Wirtschaft
- Subject
-
Geldpolitik
Unvollkommene Information
Allgemeines Gleichgewicht
VAR-Modell
Modellierung
Schätzung
- Event
-
Geistige Schöpfung
- (who)
-
Del Negro, Marco
Schorfheide, Frank
- Event
-
Veröffentlichung
- (who)
-
Federal Reserve Bank of Atlanta
- (where)
-
Atlanta, GA
- (when)
-
2005
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Del Negro, Marco
- Schorfheide, Frank
- Federal Reserve Bank of Atlanta
Time of origin
- 2005
Other Objects (12)
Monetary policy analysis with potentially misspecified models
Monetary policy analysis with potentially misspecified models
Monetary policy analysis with potentially misspecified models : ECB Conference on Monetary Policy and Imperfect Knowledge
Monetary Policy Analysis in Backward-Looking Models
Monetary and fiscal policy rules in a model with capital accumulation and potentially non-superneutral money
Monetary and fiscal policy rules in a model with capital accumulation and potentially non-superneutral money
Monetary policy analysis
Structural Vector Autoregressive Models and Monetary Policy Analysis
An overlapping generations model for monetary policy analysis
Structural vector autoregressive models and monetary policy analysis
Policy Analysis in Real Time Using IMF's Monetary Model
The Hungarian Monetary Policy Model
Monetary policy analysis with potentially misspecified models
Monetary policy analysis with potentially misspecified models
Monetary policy analysis with potentially misspecified models : ECB Conference on Monetary Policy and Imperfect Knowledge
Monetary Policy Analysis in Backward-Looking Models
Monetary and fiscal policy rules in a model with capital accumulation and potentially non-superneutral money
Monetary and fiscal policy rules in a model with capital accumulation and potentially non-superneutral money
Monetary policy analysis
Structural Vector Autoregressive Models and Monetary Policy Analysis
An overlapping generations model for monetary policy analysis
Structural vector autoregressive models and monetary policy analysis
Policy Analysis in Real Time Using IMF's Monetary Model
The Hungarian Monetary Policy Model
Monetary policy analysis with potentially misspecified models
Monetary policy analysis with potentially misspecified models
Monetary policy analysis with potentially misspecified models : ECB Conference on Monetary Policy and Imperfect Knowledge
Monetary Policy Analysis in Backward-Looking Models
Monetary and fiscal policy rules in a model with capital accumulation and potentially non-superneutral money
Monetary and fiscal policy rules in a model with capital accumulation and potentially non-superneutral money
Monetary policy analysis
Structural Vector Autoregressive Models and Monetary Policy Analysis
An overlapping generations model for monetary policy analysis
Structural vector autoregressive models and monetary policy analysis
Policy Analysis in Real Time Using IMF's Monetary Model