A Bayesian Look at New Open Economy Macroeconomics

By Thomas A. Lubik, Frank Schorfheide. NBER macroeconomics annual, 2005

535 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/5647f1b588da56c7eaf1a4b390850672aad4b3ad

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

Citations in the corpus

Sticky Prices versus Monetary Frictions: An Estimation of Policy Trade-Offs (2009, unknown): “26 p = 4 using a version of the “Minnesota” prior (see Doan, Litterman, and Sims (1984) and Sims and Zha (1998)) described in Lubik and Schorfheide (2006).13 Log marginal data densities and in-sample RMSEs for SBM(B), SBM(PT), MIU, and the VAR are reported in Table 5.”
Bayesian Analysis of DSGE Models (2006, unknown): “For instance, Lubik and Schorfheide (2006) estimate a two-country version of the model described in Section 2.”
ON THE SOURCES OF AGGREGATE FLUCTUATIONS IN EMERGING ECONOMIES (2013, background): “Examples include Lubik and Schorfheide (2005), Rabanal and Tuesta (2006), and Justiniano and Preston (2006).”
Forecasting with DSGE Models (2010, unknown): “…εt, t = 1, . . . , T. (19) The prior distribution is based on the extension of the usual Minnesota prior to a normal/inverted Wishart, as in Kadiyala and Karlsson (1997) and Robertson and Tallman (1999), and this prior is implemented via dummy observations (see, e.g., Lubik and Schorfheide, 2006).”
The Impact of Monetary Policy on Inequality in the UK. An Empirical Analysis (2017, background): “These restrictions on the macroeconomic variables are fairly standard and are implied by open economy models such as Lubik and Schorfheide (2006).”
THE IDENTIFICATION OF FISCAL AND MONETARY POLICY IN A STRUCTURAL VAR (2009, unknown): “12;1 12;3 377(77777)777777777775 : (31)”
Can Structural Small Open Economy Models Account for the Influence of Foreign Disturbances (2010, background): “These include amongst others: Ambler et al. (2004), Bergin (2003, in press), Del Negro (unpublished), Ghironi (2000), Justiniano and Preston (2008b), Lubik and Schorfheide (2005, 2007), Lubik and Teo (in press) and Rabanal and Tuesta (unpublished).”
Remittances and the Dutch disease (2009, unknown): “[27] Lubik, T.”
Bayesian Estimation of an Open Economy DSGE Model with Incomplete Pass-Through (2007, methodology): “Earlier work on estimating more simple small open economy models includes Ambler et al. (2004), Justiniano and Preston (2004), and Lubik and Schorfheide (2005). de Walque et al. (2005) and Rabanal and Tuesta (2006) have recently estimated multi-country DSGE models.”