25 Mar
2011
25 Mar
'11
8:35 a.m.
May be of interest to you. Best Michel -------- Original Message -------- Subject: Identification of Bayesian DSGE models Date: Wed, 23 Mar 2011 18:01:33 +0000 From: Ron Smith <r.smith@econ.bbk.ac.uk> To: <michel.juillard@ens.fr> Dear Prof Juillard You may be interested in the attached paper with Hashem Pesaran and Gary Koop. It considers how prior and posterior differ for unidentified parameters and suggests a fairly easy way to check local identification by simulating the model on different sized samples. Best wishes Ron Smith Prof Ron P Smith, Economics, Birkbeck College, Malet Street, London WC1E 7HX Tel 44 (0)20 7631 6413 Fax 6416 Home page: http://www.ems.bbk.ac.uk/faculty/smith/index_html