CALIBRATED MODELS

Authors
COOLEY TF
Citation
Tf. Cooley, CALIBRATED MODELS, Oxford review of economic policy, 13(3), 1997, pp. 55-69
Citations number
44
Journal title
Oxford review of economic policy → ACNP
ISSN journal
0266903X
Volume
13
Issue
3
Year of publication
1997
Pages
55 - 69
Database
ISI
SICI code
0266-903X(1997)13:3<55:>2.0.ZU;2-Q
Abstract
Calibrated models have become an important tool for economic research and policy analysis. This paper discusses and illustrates the methodol ogy of calibration. It also describes the range of questions that have been addressed with calibrated models and considers the problem of ev aluation of calibrated models.