TY  - JOUR
AU  - Christiano,Lawrence J.
AU  - Trabandt,Mathias
AU  - Walentin,Karl
TI  - DSGE Models for Monetary Policy Analysis
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 16074
PY  - 2010
Y2  - June 2010
UR  - http://www.nber.org/papers/w16074
L1  - http://www.nber.org/papers/w16074.pdf
N1  - Author contact info:
Lawrence Christiano
Department of Economics
Northwestern University
2001 Sheridan Road
Evanston, IL 60208
Tel: 847/491-8231
Fax: 847/491-7001
E-Mail: l-christiano@northwestern.edu

Mathias Trabandt
Board of Governors of the Federal Reserve System
Division of International Finance
Trade and Financial Studies Section
20th Street and Constitution Avenue N.W.
Washington, D.C. 20551
Tel: +1-202-492-6999
E-Mail: mathias.trabandt@gmail.com

Karl Walentin
Sveriges Riksbank
103 37 Stockholm
Sweden
Tel: +46-8-7870491
Fax: +46-8-210531
E-Mail: karl.walentin@riksbank.se
AB  - Monetary DSGE models are widely used because they fit the data well and they can be used to address important monetary policy questions. We provide a selective review of these developments. Policy analysis with DSGE models requires using data to assign numerical values to model parameters. The chapter describes and implements Bayesian moment matching and impulse response matching procedures for this purpose.
ER  -