Comparing Dynamic Equilibrium Economies to Data: A Bayesian Approach

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Dynamics of Fiscal Financing in the United States (2009, unknown): “As explained by Fernandez-Villaverde and RubioRamirez (2004), the Bayes factor is the ratio of the probabilities from having observed the data given each model, as reflected by the marginal data densities.”
Evaluating, Comparing and Combining Density Forecasts Using the KLIC with an Application to the Bank of England and NIESR 'Fan' Charts of Inflation (2005, unknown): “12 The best model according to the KLIC is the model with the highest posterior probability; see Fernandez-Villaverde & Rubio-Ramirez (2004).”
Comparing New Keynesian Models of the Business Cycle: A Bayesian Approach (2005, methodology): “We use the Kalman lter to evaluate the likelihood function of a log-linear approximation of the model and the Metropolis-Hastings 1For instance, Fuhrer and Moore (1995) show that a sticky wage model generates persistence in the price level but not in the in ation rate.”
Technology Shocks and Aggregate Fluctuations: How Well Does the Real Business Cycle Model Fit Postwar U.S. Data? (2004, unknown): “In a recent paper, Fisher (2003) revisits the evidence on the effects of technology shocks and their role in the U.”