Bayesian estimation of the small-scale DSGE model in Chapters 4.1. and 4.2 of Herbst and Schorfheide (2015).
Two experiments:
- Robustness of the empirical results: change the sample.
- Performance of the algorithm: change the proposal distribution.
Bayesian estimation of the small-scale DSGE model in Chapters 4.1. and 4.2 of Herbst and Schorfheide (2015).
Two experiments: