Abstract
The Bayesian analysis of the derived model is mainly based on Schorfheide (2000) such as An and Schorfheide (2007). The parameters of the DSGE model are estimated with a mixture of information contained in the data and prior beliefs about the distribution of the parameters.
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© 2015 Springer Fachmedien Wiesbaden
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Heim, L. (2015). Bayesian Estimation of the Parameters. In: Inflation versus Price-Level Targeting. BestMasters. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-08228-4_3
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DOI: https://doi.org/10.1007/978-3-658-08228-4_3
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Online ISBN: 978-3-658-08228-4
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