An estimated DSGE model for the United Kingdom
By: by Riccardo DiCecio and Edward Nelson.
Contributors: Nelson, Edward, 1971-; Federal Reserve Bank of St. Louis.
Series: Working paper -- 2007-006A; Working paper (Federal Reserve Bank of St. Louis : Online) -- 2007-006A.
Publisher: Federal Reserve Bank of St. Louis
Published: 2007
Place of publication: [St. Louis, Mo.]
Language: eng
Format: Electronic resource
Description: "We estimate the dynamic stochastic general equilibrium model of Christiano, Eichenbaum, and Evans (2005) on United Kingdom data.  Our estimates suggest that price stickiness is a more important source of nominal rigidity in the U.K.  than wage stickiness.  Our estimates of parameters governing investment behavior are only well behaved when post-1979 observations are included, which reflects government policies until the late 1970s that obstructed the influence of market forces on investment"--Federal Reserve Bank of St. Louis web site.
Notes: Title from PDF file as viewed on 4/19/2007.

Includes bibliographical references.

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