Finance and Economics Discussion Series: Practical Tools for Policy Analysis in DSGE Models with Missing Channels by United States Federal Reserve Board

Finance and Economics Discussion Series: Practical Tools for Policy Analysis in DSGE Models with Missing Channels (Paperback) (ISBN-13: 9781288699445)

Vendor: United States Federal Reserve Board
Product type: Books
Format: Paperback
$17.75
$17.75
$17.75
Subtotal: $17.75
Finance and Economics Discussion Series: Practical Tools for Policy Analysis in DSGE Models with Missing Channels by United States Federal Reserve Board

Finance and Economics Discussion Series: Practical Tools for Policy Analysis in DSGE Models with Missing Channels

$17.75
Finance and Economics Discussion Series: Practical Tools for Policy Analysis in DSGE Models with Missing Channels by United States Federal Reserve Board

Finance and Economics Discussion Series: Practical Tools for Policy Analysis in DSGE Models with Missing Channels

$17.75
Format: Paperback
Description
Description
x
In this paper we analyze the propagation of shocks originating in sectors that are not present in a baseline dynamic stochastic general equilibrium (DSGE) model. Specifically, we proxy the missing sector through a small set of factors, that feed into the structural shocks of the DSGE model to create correlated disturbances. We estimate the factor structure by matching impulse responses of the augmented DSGE model to those generated by an auxiliary model. We apply this methodology to track the effects of oil shocks and housing demand shocks in models without energy and housing sectors.

Author: United States Federal Reserve Board,Dario Caldara
ISBN-10: 1288699441
ISBN-13: 9781288699445
Publisher: Bibliogov
Language: English
Published: 02/04/2013
Pages: 52
Format: Paperback
Weight: 0.24lbs
Size: 9.69h x 7.44w x 0.11d

Recently Viewed Products