A dynamic stochastic general equilibrium model estimated for the Costa Rica economy (2006-2014)
DOI:
https://doi.org/10.15359/eys.21-50.2Keywords:
Inflation Targeting, Finacial Sector, Bayesian EstimationAbstract
This paper presents a specification and estimation of a dynamic stochastic general equilibrium model (DSGE), i.e. Bayesian methods that overcome the criticism by Lucas (1976), Sims (1980), and Learmer (1991). In addition, monetary policy simulations are conducted.
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