Bayesian estimation and welfare???
Posted: Wed Jun 29, 2011 6:22 amDear all,
Currently, I'm estimating a DSGE model using bayesian approach. I'm wondering how can I compute the welfare effect in this case. Should I follow the same steps as in the stoch_simul case.
Thanks a lot.
Kind regards.
Moh
Currently, I'm estimating a DSGE model using bayesian approach. I'm wondering how can I compute the welfare effect in this case. Should I follow the same steps as in the stoch_simul case.
Thanks a lot.
Kind regards.
Moh