01695cas a2200253 a 4500 AALejournalIMF013531 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484301357 1018-5941 BD-DhAAL BD-DhAAL Andrle, Michal. Understanding DSGE Filters in Forecasting and Policy Analysis / Michal Andrle. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper introduces methods that allow analysts to (i) decompose the estimates of unobserved quantities into observed data, (ii) to better understand revision properties of the model, and (iii) to impose subjective prior constraints on path estimates of unobserved shocks in structural economic models. For instance, a decomposition of the flexible-price output gap, or a technology shock, into contributions of output, inflation, interest rates, and other observed variables' contribution is feasible. The intuitive nature and analytical clarity of the suggested procedures are appealing for policy-related and forecasting models. Mode of access: Internet WP imf IMF Working Papers; Working Paper ; No. 2013/098 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/098/001.2013.issue-098-en.xml IMF e-Library