## Abstract This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974–2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differen
Comparing new Keynesian models in the Euro area: a Bayesian approach
✍ Scribed by Pau Rabanal; Juan F. Rubio-Ramírez
- Publisher
- Springer
- Year
- 2007
- Tongue
- English
- Weight
- 236 KB
- Volume
- 10
- Category
- Article
- ISSN
- 1435-5469
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