The econometrics of DSGE models

@inproceedings{FernndezVillaverde2009TheEO,
  title={The econometrics of DSGE models},
  author={Jes{\'u}s Fern{\'a}ndez-Villaverde},
  year={2009}
}
In this paper, I review the literature on the formulation and estimation of dynamic stochastic general equilibrium (DSGE) models with a special emphasis on Bayesian methods. First, I discuss the evolution of DSGE models over the last couple of decades. Second, I explain why the profession has decided to estimate these models using Bayesian methods. Third, I briefly introduce some of the techniques required to compute and estimate these models. Fourth, I illustrate the techniques under… CONTINUE READING
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