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• W2124954887 abstract "In this article, the authors investigate the possibletime-varying structure of DSGE models. They follow the study ofAndrle et al. (2009), which argues that models designed formonetary policy analysis and forecasting of an economy that isundergoing structural changes must include exogenous processes(technologies) capturing the specific characteristics ofindividual sectors. The authors conclude that the presence ofstructural changes and the convergence process in the dataimply drifting of structural parameters in the model withouttechnologies. Incorporating technologies causes the structuralparameters to be relatively stable. From the perspective ofmonetary policy analysis and forecasting, it seems moreconvenient to assume that the structural parameters are stableand use sectoral technologies owing to their aggregate form." @default.
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• W2124954887 date "2011-01-01" @default.
• W2124954887 modified "2023-09-26" @default.
• W2124954887 title "Parameter Drifting in a DSGE Model Estimated on Czech Data" @default.
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