Empirical Methods and Application for Dynamic Stochastic General Equilibrium Models
Workshop held September 10-11, 2004
Papers Presented
Forecasting with a DSGE Model
Rafael Wouters, National Bank of Belgium
(with Frank Smets, European Central Bank)Empirical and Policy Performance of a Forward-looking Monetary Model
Noah Williams, Princeton University (with Alexei Onatski, Columbia University)Comparing Monetary Policy Rules in an Estimated General Equilibrium Model of the U.S. Economy
Jean-Philippe Laforte, Princeton UniversityOptimal Taylor Rules in an Estimated Model of a Small Economy
Steven Ambler, University of Quebec at MontrealTechnology Shocks in the New Keynesian Model
Peter Ireland, Boston CollegeThe Responses of Wages and Prices to Technology Shocks
Rochelle Edge, Board of GovernorsA Comparison of Methods to Estimate DSGE Models
Francisco Ruge-Murcia, University of MontrealEstimating Nonlinear Dynamic Equilibrium Economies: A Likelihood Approach
Juan Rubio-Ramirez, Federal Reserve Bank of Atlanta
(with Jesus Fernandez-Villaverde, University of Pennsylvania)
N.B.: The presentation is a discussion of three papers:
Indirect Inference and Calibration of Dynamic Stochastic General Equilibrium Models
Eric Renault, University of North CarolinaStructural Changes in the U.S. Economy: Bad Luck or Bad Policy?
Fabio Canova, IGIER, Bocconi University (with Luca Gambetti, Universitat Pompeu Fabra)On the Fit and Forecasting Performance of New-generation New-Keynesian Models
Marco Del Negro, Federal Reserve Bank of Atlanta (with Frank Schorfheide, University of Pennsylvania, Frank Smets, European Central Bank, and Raf Wouters, National Bank of Belgium)Were There Regime Switches in U.S. Monetary Policy?
Tao Zha, Federal Reserve Bank of Atlanta (with Christopher Sims, Princeton University)
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