Bayesian Analysis of DSGE Models

Equation of State Calculations by Fast Computing Machines

1953 • 34,935 citations

American economic review

1992 • 16,670 citations

Bayesian Data Analysis

1995 • 14,293 citations

Monte Carlo sampling methods using Markov chains and their applications

1970 • 14,060 citations

American Economic Review

2019 • 12,528 citations

A tutorial on particle filters for online nonlinear/non-Gaussian Bayesian tracking

2002 • 11,135 citations

Novel approach to nonlinear/non-Gaussian Bayesian state estimation

1993 • 7,442 citations

INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY

2005 • 6,206 citations

Monte Carlo Statistical Methods

2000 • 5,870 citations

Time to Build and Aggregate Fluctuations

1982 • 5,852 citations

Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy

2005 • 5,787 citations

Maximum Likelihood Estimation of Misspecified Models

1982 • 3,838 citations

Maximum Likelihood Estimation of Misspecified Models

1983 • 3,727 citations

An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area

2003 • 3,609 citations

Understanding the Metropolis-Hastings Algorithm

1995 • 3,536 citations

Monte Carlo methods

1964 • 3,128 citations

Numerical methods in economics

1998 • 2,933 citations

Bayesian Data Analysis

1995 • 2,837 citations

The Solution of Linear Difference Models under Rational Expectations

1980 • 2,480 citations

Stochastic Volatility: Likelihood Inference and Comparison with ARCH Models

1998 • 2,294 citations

Monte Carlo Statistical Methods

1999 • 2,211 citations

Filtering via Simulation: Auxiliary Particle Filters

1999 • 2,200 citations

Bayes Factors

1995 • 2,168 citations

Monte Carlo Filter and Smoother for Non-Gaussian Nonlinear State Space Models

1996 • 2,128 citations

An Introduction to Bayesian Inference in Econometrics.

1974 • 2,058 citations

Computing Bayes Factors by Combining Simulation and Asymptotic Approximations

1997 • 2,046 citations

Monte Carlo Methods

1964 • 1,873 citations

Journal of business and economic statistics 5

1988 • 1,802 citations

An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy

1997 • 1,801 citations

An Introduction to Bayesian Inference in Econometrics.

1972 • 1,749 citations

Bayesian Inference in Econometric Models Using Monte Carlo Integration

1989 • 1,616 citations

Some Evidence on the Importance of Sticky Prices

2004 • 1,530 citations

Solving dynamic general equilibrium models using a second-order approximation to the policy function

2003 • 1,275 citations

Understanding the Metropolis-Hastings Algorithm

1995 • 1,264 citations

Untitled

2002 • 1,171 citations

Bayesian Model Choice: Asymptotics and Exact Calculations

1994 • 1,160 citations

Marginal Likelihood From the Metropolis–Hastings Output

2001 • 1,072 citations

Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations

1990 • 954 citations

Using simulation methods for bayesian econometric models: inference, development,and communication

1999 • 909 citations

Optimal simple and implementable monetary and fiscal rules

2006 • 901 citations

Sampling and Bayes' Inference in Scientific Modelling and Robustness

1980 • 890 citations

Monte Carlo Sampling Methods

2003 • 845 citations

Filtering via Simulation: Auxiliary Particle Filters

1999 • 839 citations

Using the generalized Schur form to solve a multivariate linear rational expectations model

2000 • 832 citations

Testing for Indeterminacy: An Application to U.S. Monetary Policy

2004 • 831 citations

Bayesian estimation of an open economy DSGE model with incomplete pass-through

2007 • 785 citations

NBER Macroeconomics Annual 2005

2006 • 760 citations

NBER Macroeconomics Annual 1997

1997 • 720 citations

Estimating nonlinear time-series models using simulated vector autoregressions

1993 • 712 citations

Contemporary Bayesian Econometrics and Statistics

2005 • 702 citations

Loss function‐based evaluation of DSGE models

2000 • 695 citations

Methods for Applied Macroeconomic Research

2011 • 619 citations

NBER macroeconomics annual 1994

1995 • 592 citations

Do central banks respond to exchange rate movements? A structural investigation

2007 • 588 citations

A Toolkit for Analysing Nonlinear Dynamic Stochastic Models Easily

2001 • 562 citations

Priors from General Equilibrium Models for VARS*

2004 • 551 citations

Monte Carlo Filter and Smoother for Non-Gaussian Nonlinear State Space Models

1996 • 540 citations

Methods for Applied Macroeconomic Research

2007 • 490 citations

Testing for Indeterminacy: An Application to U.S. Monetary Policy: Comment

2007 • 480 citations

A method for taking models to the data

2003 • 451 citations

Comparing shocks and frictions in US and euro area business cycles: a Bayesian DSGE Approach

2005 • 450 citations

The macroeconomic effects of distortionary taxation

1994 • 450 citations

Comparing solution methods for dynamic equilibrium economies

2005 • 423 citations

Comparing New Keynesian models of the business cycle: A Bayesian approach

2005 • 400 citations

Two Models of Measurements and the Investment Accelerator

1989 • 392 citations

An Introduction to Modern Bayesian Econometrics

2004 • 380 citations

The Empirical Foundations of Calibration

1996 • 373 citations

A Toolkit for Analyzing Nonlinear Dynamic Stochastic Models Easily

1995 • 372 citations

Calculating and using second-order accurate solutions of discrete time dynamic equilibrium models

2008 • 361 citations

The Computational Experiment: An Econometric Tool

1996 • 350 citations

On the Asymptotic Behaviour of Posterior Distributions

1969 • 333 citations

Spurious welfare reversals in international business cycle models

2003 • 328 citations

Comparing dynamic equilibrium models to data: a Bayesian approach

2004 • 301 citations

Constructing and estimating a realistic optimizing model of monetary policy

2000 • 296 citations

The Solution of Singular Linear Difference Systems under Rational Expectations

1998 • 288 citations

Time-to-Build and Aggregate Fluctuations: Some New Evidence

1989 • 276 citations

A Bayesian Look at New Open Economy Macroeconomics

2006 • 262 citations

Hammersley, J. M., D. C. Handscomb: Monte Carlo Methods. Methuen & Co., London, and John Wiley & Sons, New York, 1964. VII + 178 S., Preis: 25 s

1966 • 260 citations

COMPUTATIONAL METHODS FOR THE STUDY OF DYNAMIC ECONOMIES

2000 • 253 citations

Learning and monetary policy shifts

2005 • 241 citations

On measuring the welfare cost of business cycles

2001 • 237 citations

Accuracy in Simulations

1994 • 234 citations

Measures of Fit for Calibrated Models

1993 • 232 citations

A Bayesian approach to dynamic macroeconomics

2000 • 229 citations

On the Fit and Forecasting Performance of New Keynesian Models

2005 • 229 citations

REVISING BELIEFS IN NONIDENTIFIED MODELS

1998 • 226 citations

Econometric Model Determination

1996 • 209 citations

Estimating dynamic equilibrium economies: linear versus nonlinear likelihood

2005 • 208 citations

Macroeconomics and Methodology

1996 • 203 citations

Accuracy of stochastic perturbation methods: The case of asset pricing models

2001 • 202 citations

Learning-by-Doing as a Propagation Mechanism

2002 • 201 citations

Back to square one: identification issues in DSGE models

2006 • 195 citations

Technology Shocks and Aggregate Fluctuations: How Well Does the RBS Model Fit Postwar U.S. Data?

2004 • 179 citations

Supplanting the ‘Minnesota’ prior

1994 • 164 citations

Are Technology Improvements Contractionary?

1998 • 163 citations

Dynamic Equilibrium Economies: A Framework for Comparing Models and Data

1998 • 158 citations

Untitled

2002 • 151 citations

Toward a Modern Macroeconomic Model Usable for Policy Analysis

1994 • 146 citations

Indirect inference and calibration of dynamic stochastic general equilibrium models

2006 • 130 citations

Statistical inference in calibrated models

1994 • 127 citations

Labor-supply shifts and economic fluctuations

2003 • 126 citations

A Bayesian Approach to Calibration

1996 • 103 citations

Solving Nonlinear Stochastic Growth Models: A Comparison of Alternative Solution Methods

1990 • 99 citations

The Cyclical Behavior of Skill Acquisition

2001 • 93 citations

Computational Experiments and Reality

1999 • 91 citations

Multivariate Linear Rational Expectations Models

1997 • 85 citations

Spurious Welfare Reversals in International Business Cycle Models

2001 • 82 citations

Large Sample Properties of Posterior Densities, Bayesian Information Criterion and the Likelihood Principle in Nonstationary Time Series Models

1998 • 75 citations

Higher-Order Perturbation Solutions to Dynamic, Discrete-Time Rational Expectations Models

2006 • 69 citations

On the Indeterminacy of New-Keynesian Economics

2004 • 65 citations

Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model: What is Important and What is Not

2006 • 60 citations

PROBABILITY MODELS FOR MONETARY POLICY DECISIONS

2003 • 52 citations

Empirical and policy performance of a forward‐looking monetary model

2009 • 43 citations

Estimating Nonlinear Dynamic Equilibrium Economies: A Likelihood Approach

2004 • 39 citations

Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models

2006 • 38 citations

Comparing new Keynesian models in the Euro area: a Bayesian approach

2007 • 38 citations

A Bayesian Approach to Calibration

1996 • 36 citations

Econometric analysis of linearized singular dynamic stochastic general equilibrium models

2006 • 32 citations

Learning-by-Doing as a Propagation Mechanism

2001 • 29 citations

Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model: What is Important and What is Not

2005 • 28 citations

Monetary Policy and the Evolution of the US Economy

2006 • 20 citations

Asymptotic expansions of posterior expectations, distributions and densities for stochastic processes

1988 • 17 citations

Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model: What is Important and What is Not

2006 • 8 citations

Deleted Work

1955 • 0 citations