{"id":"https://openalex.org/W1005035540","doi":null,"title":"Generalized exogenous processes in DSGE: A Bayesian approach","display_name":"Generalized exogenous processes in DSGE: A Bayesian approach","publication_year":2015,"publication_date":"2015-03-01","ids":{"openalex":"https://openalex.org/W1005035540","mag":"1005035540"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:hum:wpaper:sfb649dp2015-014","doi":null,"is_oa":false,"landing_page_url":"http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2015-014.pdf","pdf_url":"http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2015-014.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10419/182298","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5017542931","display_name":"Alexander Meyer\u2010Gohde","orcid":"https://orcid.org/0000-0002-0538-4328","observed_orcids":["https://orcid.org/0000-0002-0538-4328"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Alexander Meyer\u2010Gohde","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-0538-4328","affiliations":[]},{"author_position":"last","author":{"id":null,"display_name":"Daniel Neuhoff","orcid":"https://orcid.org/0000-0001-6358-5446","observed_orcids":["https://orcid.org/0000-0001-6358-5446"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Daniel Neuhoff","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-6358-5446","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":2,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.6416000127792358,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.6416000127792358,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12056","display_name":"Markov Chains and Monte Carlo Methods","score":0.21850000321865082,"subfield":{"id":"https://openalex.org/subfields/2613","display_name":"Statistics and Probability"},"field":{"id":"https://openalex.org/fields/26","display_name":"Mathematics"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.08410000056028366,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/reversible-jump-markov-chain-monte-carlo","display_name":"reversible jump Markov chain Monte Carlo","score":0.8820000290870667},{"id":"https://openalex.org/keywords/exogenous-processes","display_name":"exogenous processes","score":0.7599999904632568},{"id":"https://openalex.org/keywords/arma-processes","display_name":"ARMA processes","score":0.5649999976158142},{"id":"https://openalex.org/keywords/model-order-selection","display_name":"model order selection","score":0.7749999761581421},{"id":"https://openalex.org/keywords/non-nested-models","display_name":"non-nested models","score":0.675000011920929},{"id":"https://openalex.org/keywords/neoclassical-growth-model","display_name":"neoclassical growth model","score":0.9440000057220459},{"id":"https://openalex.org/keywords/technology-shocks","display_name":"productivity shocks","score":0.8960000276565552},{"id":"https://openalex.org/keywords/impulse-response","display_name":"impulse response","score":0.8619999885559082},{"id":"https://openalex.org/keywords/us-gdp","display_name":"US GDP","score":0.6830000281333923}],"concepts":[{"id":"https://openalex.org/C2780591659","wikidata":"https://www.wikidata.org/wiki/Q17083869","display_name":"Reversible-jump Markov chain Monte Carlo","level":4,"score":0.8107898235321045},{"id":"https://openalex.org/C489367","wikidata":"https://www.wikidata.org/wiki/Q1962064","display_name":"Dynamic stochastic general equilibrium","level":3,"score":0.7733321189880371},{"id":"https://openalex.org/C57830394","wikidata":"https://www.wikidata.org/wiki/Q278079","display_name":"Posterior probability","level":3,"score":0.7281148433685303},{"id":"https://openalex.org/C107673813","wikidata":"https://www.wikidata.org/wiki/Q812534","display_name":"Bayesian probability","level":2,"score":0.6864283084869385},{"id":"https://openalex.org/C111350023","wikidata":"https://www.wikidata.org/wiki/Q1191869","display_name":"Markov chain Monte Carlo","level":3,"score":0.6802221536636353},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5031945109367371},{"id":"https://openalex.org/C111030470","wikidata":"https://www.wikidata.org/wiki/Q1430460","display_name":"Curse of dimensionality","level":2,"score":0.4730978310108185},{"id":"https://openalex.org/C2780695682","wikidata":"https://www.wikidata.org/wiki/Q4005959","display_name":"Jump","level":2,"score":0.4724096357822418},{"id":"https://openalex.org/C68022304","wikidata":"https://www.wikidata.org/wiki/Q842217","display_name":"Bayes estimator","level":3,"score":0.456729918718338},{"id":"https://openalex.org/C2776318286","wikidata":"https://www.wikidata.org/wiki/Q16963850","display_name":"Technology shock","level":4,"score":0.4497690498828888},{"id":"https://openalex.org/C28826006","wikidata":"https://www.wikidata.org/wiki/Q33521","display_name":"Applied mathematics","level":1,"score":0.4431346654891968},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.43733111023902893},{"id":"https://openalex.org/C19499675","wikidata":"https://www.wikidata.org/wiki/Q232207","display_name":"Monte Carlo method","level":2,"score":0.42167648673057556},{"id":"https://openalex.org/C177769412","wikidata":"https://www.wikidata.org/wiki/Q278090","display_name":"Prior probability","level":3,"score":0.42070233821868896},{"id":"https://openalex.org/C160234255","wikidata":"https://www.wikidata.org/wiki/Q812535","display_name":"Bayesian inference","level":3,"score":0.4171043038368225},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.25303423404693604},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2148149311542511},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.09153780341148376},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.0}],"mesh":[],"locations_count":7,"locations":[{"id":"pmh:oai:RePEc:hum:wpaper:sfb649dp2015-014","doi":null,"is_oa":false,"landing_page_url":"http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2015-014.pdf","pdf_url":"http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2015-014.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:zbw:imfswp:125","doi":null,"is_oa":false,"landing_page_url":"https://www.econstor.eu/bitstream/10419/182298/1/1031305203.pdf","pdf_url":"https://www.econstor.eu/bitstream/10419/182298/1/1031305203.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:zbw:sfb649:sfb649dp2015-014","doi":null,"is_oa":false,"landing_page_url":"https://www.econstor.eu/bitstream/10419/119420/1/821917358.pdf","pdf_url":"https://www.econstor.eu/bitstream/10419/119420/1/821917358.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:econstor.eu:10419/182298","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/182298","pdf_url":"http://hdl.handle.net/10419/182298","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},{"id":"pmh:oai:publikationen.ub.uni-frankfurt.de:47599","doi":null,"is_oa":true,"landing_page_url":"http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/47599","pdf_url":"http://publikationen.ub.uni-frankfurt.de/files/47599/IMFS_WP_125.pdf","source":{"id":"https://openalex.org/S4306400432","display_name":"Publication Server of Goethe University Frankfurt am Main (Goethe University Frankfurt)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I114090438","host_organization_name":"Goethe University Frankfurt","host_organization_lineage":["https://openalex.org/I114090438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"workingpaper"},{"id":"mag:1005035540","doi":null,"is_oa":false,"landing_page_url":"https://edoc.hu-berlin.de/series/sfb-649-papers/2015-14/PDF/14.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:econstor.eu:10419/119420","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10419/119420","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"}],"best_oa_location":{"id":"pmh:oai:econstor.eu:10419/182298","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/182298","pdf_url":"http://hdl.handle.net/10419/182298","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G6846759152","display_name":null,"funder_award_id":"SFB649","funder_id":"https://openalex.org/F4320320879","funder_display_name":"Deutsche Forschungsgemeinschaft"}],"funders":[{"id":"https://openalex.org/F4320320879","display_name":"Deutsche Forschungsgemeinschaft","ror":"https://ror.org/018mejw64"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1005035540.pdf","grobid_xml":"https://content.openalex.org/works/W1005035540.grobid-xml"},"referenced_works_count":58,"referenced_works":["https://openalex.org/W621546036","https://openalex.org/W1485526600","https://openalex.org/W1511747216","https://openalex.org/W1549471706","https://openalex.org/W1573717114","https://openalex.org/W1588300322","https://openalex.org/W1603903339","https://openalex.org/W1618008814","https://openalex.org/W1664837325","https://openalex.org/W1931178664","https://openalex.org/W1965502743","https://openalex.org/W1966731843","https://openalex.org/W1967239989","https://openalex.org/W1972030064","https://openalex.org/W1994581954","https://openalex.org/W1994982764","https://openalex.org/W1999678062","https://openalex.org/W2001857141","https://openalex.org/W2014077903","https://openalex.org/W2030552628","https://openalex.org/W2040769287","https://openalex.org/W2056760934","https://openalex.org/W2068878678","https://openalex.org/W2070446367","https://openalex.org/W2075102972","https://openalex.org/W2075142998","https://openalex.org/W2082622228","https://openalex.org/W2083875149","https://openalex.org/W2088563154","https://openalex.org/W2089853409","https://openalex.org/W2093223772","https://openalex.org/W2094318480","https://openalex.org/W2108207895","https://openalex.org/W2110156265","https://openalex.org/W2111051773","https://openalex.org/W2114907228","https://openalex.org/W2114964853","https://openalex.org/W2122891730","https://openalex.org/W2135459617","https://openalex.org/W2135874057","https://openalex.org/W2138309709","https://openalex.org/W2143383948","https://openalex.org/W2146207816","https://openalex.org/W2156675633","https://openalex.org/W2159740989","https://openalex.org/W2163937187","https://openalex.org/W2308367037","https://openalex.org/W2316359013","https://openalex.org/W2331931357","https://openalex.org/W2493781029","https://openalex.org/W2798909945","https://openalex.org/W3099363381","https://openalex.org/W3121227275","https://openalex.org/W3122326504","https://openalex.org/W3123970111","https://openalex.org/W3125823678","https://openalex.org/W3125979221","https://openalex.org/W3146166473"],"related_works":["https://openalex.org/W1540410668","https://openalex.org/W3201428873","https://openalex.org/W7097288091","https://openalex.org/W7137661793","https://openalex.org/W2223741282","https://openalex.org/W7100696069","https://openalex.org/W3086871507","https://openalex.org/W193125734","https://openalex.org/W2182186917","https://openalex.org/W4212821721"],"abstract_inverted_index":{"The":[0],"Reversible":[1],"Jump":[2],"Markov":[3],"Chain":[4],"Monte":[5],"Carlo":[6],"(RJMCMC)":[7],"method":[8,33,52],"can":[9],"enhance":[10],"Bayesian":[11],"DSGE":[12],"estimation":[13],"by":[14],"sampling":[15],"from":[16,37],"a":[17,58,110],"posterior":[18,73,88,98,117],"distribution":[19],"spanning":[20],"potentially":[21],"nonnested":[22],"models":[23],"with":[24,45],"parameter":[25],"spaces":[26],"of":[27,41,82,107],"different":[28],"dimensionality.":[29],"We":[30,49],"use":[31],"the":[32,46,51,54,72,76,87,93,116],"to":[34,53,109],"jointly":[35],"sample":[36],"an":[38],"ARMA":[39],"process":[40,56],"unknown":[42],"order":[43,84],"along":[44],"associated":[47],"parameters.":[48],"apply":[50],"technology":[55,112],"in":[57,80],"canonical":[59],"neoclassical":[60],"growth":[61],"model":[62],"using":[63],"post":[64],"war":[65],"US":[66],"GDP":[67],"data":[68],"and":[69],"find":[70],"that":[71],"decisively":[74],"rejects":[75],"standard":[77],"AR(1)":[78],"assumption":[79],"favor":[81],"higher":[83],"processes.":[85],"While":[86],"contains":[89],"significant":[90],"uncertainty":[91],"regarding":[92],"exact":[94],"order,":[95],"it":[96],"concentrates":[97],"density":[99],"on":[100],"hump-shaped":[101],"impulse":[102],"responses.":[103],"A":[104],"negative":[105],"response":[106],"hours":[108],"positive":[111],"shock":[113],"is":[114],"within":[115],"credible":[118],"set":[119],"when":[120],"noninvertible":[121],"MA":[122],"representations":[123],"are":[124],"admitted.":[125]},"counts_by_year":[{"year":2017,"cited_by_count":2}],"updated_date":"2026-10-08T09:06:37.294493","created_date":"2016-06-24T00:00:00"}
