The paper addresses the problem of calibration of the parameters in a macroeconomic model in the situation, which is typical of LDCs, where the time series data are incomplete. A three-stage systems approach is developed. In Stage One, a quadratic loss function, involving the discrepancies between the observed actual values and the corresponding model solutions for the endogenous variables (relative to the prevailing calibration), is minimized with...
Exibir mais
DETALHES
-
1985/04/01
-
Documento de trabalho departamental
-
DRD179
-
1
-
1
-
2013/06/10
-
Disclosed
-
Calibration of macroeconomic models with incomplete data : a systems approach
-
Macroeconomic models
DOWNLOADS
COMPLETAR RELATÓRIO
Versão oficial do documento (pode conter assinaturas, etc.)
-
Total Downloads** : 90
*A versão do texto é um OCR incorreto e está incluído unicamente em benefício de usuários com conectividade lenta.