TY  - JOUR
AU  - Schorfheide,Frank
TI  - Estimation and Evaluation of DSGE Models: Progress and Challenges
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 16781
PY  - 2011
Y2  - February 2011
UR  - http://www.nber.org/papers/w16781
L1  - http://www.nber.org/papers/w16781.pdf
N1  - Author contact info:
Frank Schorfheide
University of Pennsylvania
Department of Economics
3718 Locust Walk
Philadelphia, PA 19104-6297
Tel: 215/898-8486
Fax: 215/573-2057
E-Mail: schorf@ssc.upenn.edu
AB  - Estimated dynamic stochastic equilibrium (DSGE) models are now widely used for empirical research in macroeconomics as well as for quantitative policy analysis and forecasting at central banks around the world. This paper reviews recent advances in the estimation and evaluation of DSGE models, discusses current challenges, and provides avenues for future research.
ER  -