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A. Prior Distribution of the Parameters The priors on the stochastic processes are ... A similar distribution is assumed for the MA parameter in the process for the price and wage mark - up . The quarterly trend growth rate is assumed ...
A. Prior Distribution of the Parameters The priors on the stochastic processes are ... A similar distribution is assumed for the MA parameter in the process for the price and wage mark - up . The quarterly trend growth rate is assumed ...
Página 593
TABLE 1A - PRIOR AND POSTERIOR DISTRIBUTION OF STRUCTURAL PARAMETERS Note : The posterior distribution is obtained using the Metropolis - Hastings algorithm . TABLE 1B - PRIOR AND POSTERIOR DISTRIBUTION OF SHOCK PROCESSES.
TABLE 1A - PRIOR AND POSTERIOR DISTRIBUTION OF STRUCTURAL PARAMETERS Note : The posterior distribution is obtained using the Metropolis - Hastings algorithm . TABLE 1B - PRIOR AND POSTERIOR DISTRIBUTION OF SHOCK PROCESSES.
Página 1149
growth , many of the parameters I use have already been discussed in the real business cycle literature . The values I use are as follows : TABLE 3 Y 1.00 α 0.33 λ Ρ 0.05 Zo 0.94 Φ q 1.00 Z1 1.06 F δ 0.08 0.20 1.20 0.10 3.60 L 30.80 ...
growth , many of the parameters I use have already been discussed in the real business cycle literature . The values I use are as follows : TABLE 3 Y 1.00 α 0.33 λ Ρ 0.05 Zo 0.94 Φ q 1.00 Z1 1.06 F δ 0.08 0.20 1.20 0.10 3.60 L 30.80 ...
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EDMUND S PHELPS | 541 |
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ALMA COHEN AND LIRAN EINAV | 745 |
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