Przeglądaj wg Słowo kluczowe "wnioskowanie Bayesowskie"

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    Wybrane zagadnienia współczesnego modelowania strukturalnego, Część II: wnioskowanie w estymowanych modelach równowagi ogólnej
    (Oficyna Wydawnicza AFM, 2012) Wróbel-Rotter, Renata
    The paper presents methods of estimation and evaluation of general equilibrium models, highlights problematic fields and challenges. After definition of preferences, technology and structural shocks model's equations, derived by solving microeconomic optimization problems, are loglinearised and the rational expectation solution is found. The next important step is the connection of theoretical variables with the observed counterparts tha t allows to construct the likelihood. Estimation, verification and numerical convergence plays crucial role in the overall goodness of the model. A general equilibrium model can also be used to construct hybrid vector autoregression that allows to test degree of its misspecification.