Browsing Working Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviour by Subject "bayesian analysis"
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2020-05-18DiskussionspapierActive, or passive? Revisiting the role of fiscal policy in the Great Inflation We reexamine whether pre-Volcker U.S. fiscal policy was active or passive. To do so, we estimate a DSGE model with monetary and fiscal policy interactions employing a sequential Monte Carlo algorithm (SMC) for posterior ...