Hidden Bibliographic Details
| Other authors / contributors: | Khramov, Vadim, author.
International Monetary Fund. Office of the Executive Director for the Russian Federation, issuing body.
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| ISBN: | 9781484342657
1484342658
9781475589214
1475589212
9781475517835
1475517831
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| Notes: | Title form PDF title page (IMF Web site, viewed November 26, 2013).
"Office of Executive Director for the Russian Federation"--Page 2 of pdf
"October 2013"--Page 2 of pdf
Includes bibliographical references (pages 25-27).
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| Summary: | "We propose a method for solving and estimating linear rational expectations models that exhibit indeterminacy and we provide step-by-step guidelines for implementing this method in the Matlab-based packages Dynare and Gensys. Our method redefines a subset of expectational errors as new fundamentals. This redefinition allows us to treat indeterminate models as determinate and to apply standard solution algorithms. We provide a selection method, based on Bayesian model comparison, to decide which errors to pick as fundamental and we present simulation results to show how our procedure works in practice"--Abstract
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| Other form: | Print version: Farmer, Roger. Solving and estimating indeterminate DSGE models. [Washington, District of Columbia] : International Monetary Fund, ©2013 29 pages IMF working paper ; WP/13/200 9781475589214
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