Empirical properties of closed- and open-economy DSGE models of the Euro area

被引：17
|
作者：
Adolfson, Malin [1 ]
Laseen, Stefan [1 ]
Linde, Jesper [1 ,2 ]
Villani, Mattias [1 ,3 ]
机构：
[1] Sveriges Riksbank, Res Dept, SE-10337 Stockholm, Sweden
[2] CEPR, Stockholm, Sweden
[3] Stockholm Univ, Stockholm, Sweden
来源：
MACROECONOMIC DYNAMICS | 2008年 / 12卷
关键词：
open economy; closed economy; DSGE model; Bayesian inference;
D O I：
10.1017/S1365100507070101
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we compare the empirical proper-ties of closed- and open-economy DSGE models estimated on Euro area data. The comparison is made along several dimensions; we examine the models in terms of their marginal likelihoods, forecasting performance, variance decompositions, and their transmission mechanisms of monetary policy.
引用
收藏
页码：2 / 19
页数：18
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