Solving and Estimating Indeterminate DSGE Models /

We propose a method for solving and estimating linear rational expectations models that exhibit indeterminacy and we provide step-by-step guidelines for implementing this method in the Matlab-based packages Dynare and Gensys. Our method redefines a subset of expectational errors as new fundamentals....

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Hlavní autor: Farmer, Roger
Další autoři: Khramov, Vadim
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2013.
Edice:IMF Working Papers; Working Paper ; No. 2013/200
Témata:
WP
On-line přístup:Full text available on IMF