• DocumentCode
    3718872
  • Title

    Aggregation problem in DSGE model

  • Author

    Lian-Sheng Yang; Shu-Heng Chen; Chia-Ling Chang; Yi-Heng Tseng

  • Author_Institution
    School of Economic Management, Nanjing University of Science and Technology, 200, Xiaolingwei Rd., 210094, China
  • fYear
    2015
  • Firstpage
    123
  • Lastpage
    129
  • Abstract
    The aim of this paper is investigating the estimation bias of the standard New Keynesian DSGE econometric procedure in an environment comprising heterogeneous and interactive agents. In this case, the standard New Keynesian DSGE econometric procedures may generate spurious evidence in aggregate equations. On simulating the Ising model and processing the standard New Keynesian DSGE econometric procedure with Dynare, dramatic estimation bias is found. Particularly, the IS puzzle is found in the Ising model with different network structures.
  • Keywords
    "Social network services","Chlorine","Sociology","Statistics"
  • Publisher
    ieee
  • Conference_Titel
    Behavioral, Economic and Socio-cultural Computing (BESC), 2015 International Conference on
  • Type

    conf

  • DOI
    10.1109/BESC.2015.7365969
  • Filename
    7365969
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=3718872