The American Economic Review, Volume 97American Economic Association., 2007 |
No interior do livro
Resultados 1-3 de 14
Página 592
... distribution and to evaluate the marginal likelihood of the model . " The model is 6 See Smets and Wouters ( 2003 ) for a more elaborate description of the methodology . All estimations are done with Dynare ( http://www.cpremap.cnrs.fr ...
... distribution and to evaluate the marginal likelihood of the model . " The model is 6 See Smets and Wouters ( 2003 ) for a more elaborate description of the methodology . All estimations are done with Dynare ( http://www.cpremap.cnrs.fr ...
Página 595
... marginal likelihood , which can be interpreted as a summary statistic for the model's out - of - sample prediction perfor- mance , forms a natural benchmark for comparing the DSGE model with alternative specifications and other ...
... marginal likelihood , which can be interpreted as a summary statistic for the model's out - of - sample prediction perfor- mance , forms a natural benchmark for comparing the DSGE model with alternative specifications and other ...
Página 597
... Marginal likelihood -923 -975 -973 -918 -927 -1084 -959 -924 -949 Mode of the structural parameters ❤ 5.48 4.41 ... marginal likelihood . In both cases the marginal likelihood falls very significantly by about 50 . A lower degree of ...
... Marginal likelihood -923 -975 -973 -918 -927 -1084 -959 -924 -949 Mode of the structural parameters ❤ 5.48 4.41 ... marginal likelihood . In both cases the marginal likelihood falls very significantly by about 50 . A lower degree of ...
Índice
EDMUND S PHELPS | 541 |
O 2 0 2007 | 713 |
ALMA COHEN AND LIRAN EINAV | 745 |
Direitos de autor | |
8 outras secções não apresentadas
Outras edições - Ver tudo
Palavras e frases frequentes
agents aggregate American Economic Review analysis assets assume assumption average behavior benchmark Beveridge curve business cycles candidates capital changes choice coefficient cointegration consumer consumption contracts correlation cost of business countercyclical deductible degree distributions distribution durables effect empirical equation equilibrium estimated exchange expected Figure firms function given growth HIP model households implies impulse responses income increase individuals inflation inventory investment investment rate Journal of Economics labor market loss aversion marginal likelihood matching Matthew Rabin ment Michael Woodford monetary policy nodes nomic observed optimal output pairs paper parameters patients percent policy shock post.com preferences procyclical production Proposition random regime relative response risk aversion sample Section sector Shapley value side payments simulations sticky prices stochastic Table theory tion tradable unemployment utility variables variance volatility vouchers wage workers Yangzi Delta