2009-02-03から1日間の記事一覧

"Dynamic Stochastic General Equilibrium Models Under a Liquidity Trap and Self-organizing State Space Modeling"

In English:This paper is the first one (as far as I know) to estimate a DSGE model under a liquidity trap (the non-negativity constraint on short term nominal interest rates). Our method is based on the Monte Carlo particle filter (sequent…