Using a Bayesian Approach to Estimate and Compare New Keynesian DSGE Models for the Brazilian Economy : the Role for Endogenous Persistence ∗

@inproceedings{Silveira2009UsingAB,
  title={Using a Bayesian Approach to Estimate and Compare New Keynesian DSGE Models for the Brazilian Economy : the Role for Endogenous Persistence ∗},
  author={Marcos Antonio C. da Silveira},
  year={2009}
}
New Keynesian dynamic stochastic general equilibrium (DSGE) models have been developed for monetary policy analysis in open economies. For this purpose, the basic model must be enriched with the sources of nominal and real rigidities which are capable of explaining the observed output and inflation persistence. Under this perspective, we use the Bayesian approach to estimate and compare alternative model specifications for the Brazilian economy with respect to two endogenous persistence… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.
2 Citations
11 References
Similar Papers

Citations

Publications citing this paper.

References

Publications referenced by this paper.
Showing 1-10 of 11 references

New keynesian models for chile in the inflation target period: A structural investigation

  • R. Caputo, F. Liendo, J. Medina
  • 2005
Highly Influential
11 Excerpts

Small open economy dsge models: Specification, estimation and model fit

  • A. Justiniano, B. Preston
  • 2004
Highly Influential
11 Excerpts

A small new keynesian model of the new zealand

  • P. Liu
  • economy. manuscript. Reserve Bank of New Zealand
  • 2005
Highly Influential
4 Excerpts

Similar Papers

Loading similar papers…