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by **sayera** » Mon Feb 23, 2015 1:38 am

Dear Jpfeifer,
Could you please tell me if anybody wants to include Bayesian Method in the CEE(2005) paper it is possible?
or is there any paper that you know did that? I will be grateful if you could help me here.

Best regards,

Sayera

by **Butree** » Mon Feb 23, 2015 4:08 am

I think Christiano, Motto and Rostgano (2014)'s AER paper contains a Bayesian analysis on CRR paper, in which they compare the results with and without the financial frictions. The code on CMR (2014) paper is available on Lawrence Christiano's website.

by **sayera** » Mon Feb 23, 2015 4:31 am

Dear Butree,
Thank you so much for your excellent help. I really appreciate that.

Best regards,

Sayera

by **jpfeifer** » Mon Feb 23, 2015 10:36 am

Butree is right. Also, the Smets/Wouters (2007) model was basically the CEE 2005 model estimated using Bayesian techniques

by **sayera** » Mon Feb 23, 2015 5:49 pm

Dear Jpfeifer,
Great information!!Wish you get Nobel Prize one day for your contribution to this field.

Best regards,

Sayera

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