Solution and Estimation Methods for DSGE Models

244 Pages Posted: 12 Jan 2016

See all articles by Jesús Fernández-Villaverde

Jesús Fernández-Villaverde

University of Pennsylvania - Department of Economics; National Bureau of Economic Research (NBER)

Juan Rubio Ramírez

Emory University

Frank Schorfheide

University of Pennsylvania - Department of Economics; Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER); University of Pennsylvania - The Penn Institute for Economic Research (PIER)

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Date Written: January 2016

Abstract

This paper provides an overview of solution and estimation techniques for dynamic stochastic general equilibrium (DSGE) models. We cover the foundations of numerical approximation techniques as well as statistical inference and survey the latest developments in the field.

Suggested Citation

Fernández-Villaverde, Jesús and Rubio Ramírez, Juan and Schorfheide, Frank, Solution and Estimation Methods for DSGE Models (January 2016). NBER Working Paper No. w21862, Available at SSRN: https://ssrn.com/abstract=2713587

Jesús Fernández-Villaverde (Contact Author)

University of Pennsylvania - Department of Economics ( email )

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Juan Rubio Ramírez

Emory University ( email )

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Frank Schorfheide

University of Pennsylvania - Department of Economics ( email )

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Centre for Economic Policy Research (CEPR)

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University of Pennsylvania - The Penn Institute for Economic Research (PIER) ( email )

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