Stochastic simulation of a DSGE model for Brazil

Sin, Hui Lok and Gaglianone, Wagner Piazza (2006): Stochastic simulation of a DSGE model for Brazil.

Abstract

In this paper we investigate the Smets & Wouters (2003a) DSGE model for Brazil, through a numerical simulation based on the Dynare code (developed by Cepremap). Impulse Response functions are presented and a Bayesian estimation is also conducted from the prior distributions of the parameters.

• Item Type: MPRA Paper
• Language: English
• Keywords: Bayesian estimation; Dynare; DSGE model
• Subjects: E - Macroeconomics and Monetary Economics > E0 - General > E00 - General; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C11 - Bayesian Analysis: General

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