IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Variantes en univers incertain

Listed author(s):
  • Nicolas Maggiar
  • Antoine Devulder
  • Christophe Cahn
  • Stéphane Adjemian

[eng] The authors illustrate the usefulness of the Bayesian approach in economic-policy assessment, which typically relies on simulations. We describe a dynamic stochastic general equilibrium (DGSE) model for the euro zone. The Bayesian estimation of the model measures parameter-related uncertainty, which translates into simulation-related uncertainty. We offer a practical application by simulating the impact of a tax policy : an announced VAT shock. [fre] Nous proposons d’illustrer l’intérêt de l’approche bayésienne dans le cadre de l’évaluation des politiques économiques, réalisée le plus souvent à l’aide de variantes. Nous présentons un modèle d’équilibre général stochastique dynamique (DSGE ) pour la zone euro. L’estimation bayésienne de ce modèle mesure l’incertitude sur les paramètres, qui se traduit en une incertitude sur les variantes. Nous donnons une application pratique en simulant les effets d’une politique fiscale (choc de TVA annoncé).

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://dx.doi.org/doi:10.3406/ecop.2008.7815
Download Restriction: no

File URL: http://www.persee.fr/doc/ecop_0249-4744_2008_num_183_2_7815
Download Restriction: no

Article provided by Programme National Persée in its journal Économie & prévision.

Volume (Year): 183 (2008)
Issue (Month): 2 ()
Pages: 223-238

as
in new window

Handle: RePEc:prs:ecoprv:ecop_0249-4744_2008_num_183_2_7815
Note: DOI:10.3406/ecop.2008.7815
Contact details of provider: Web page: http://www.persee.fr/collection/ecop

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as
in new window


  1. Erceg, Christopher J. & Henderson, Dale W. & Levin, Andrew T., 2000. "Optimal monetary policy with staggered wage and price contracts," Journal of Monetary Economics, Elsevier, vol. 46(2), pages 281-313, October.
  2. Lawrence J. Christiano & Martin Eichenbaum & Charles L. Evans, 2005. "Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy," Journal of Political Economy, University of Chicago Press, vol. 113(1), pages 1-45, February.
  3. Michel Juillard & Tarik Ocaktan, 2008. "Méthodes de simulation des modèles stochastiques d'équilibre général," Economie & Prévision, La Documentation Française, vol. 0(2), pages 115-126.
  4. Stéphane Adjemian & Florian Pelgrin, 2008. "Un regard bayésien sur les modèles dynamiques de la macroéconomie," Economie & Prévision, La Documentation Française, vol. 0(2), pages 127-152.
  5. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
  6. Roland Straub & Günter Coenen, 2005. "Non-Ricardian Households and Fiscal Policy in an Estimated DSGE Model of the Euro Area," Computing in Economics and Finance 2005 102, Society for Computational Economics.
  7. Frank Smets & Raf Wouters, 2003. "An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area," Journal of the European Economic Association, MIT Press, vol. 1(5), pages 1123-1175, 09.
  8. Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 383-398, September.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:prs:ecoprv:ecop_0249-4744_2008_num_183_2_7815. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.