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smetswouters2007

Replication of Smets and Wouters (AER 2007) Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach, which is available at https://www.aeaweb.org/articles?id=10.1257/aer.97.3.586

Solves and estimates the model with Dynare (http:https://www.dynare.org), and makes some tables from the paper.

Table 1A--Prior and Posterior Distribution of Structural Parameters

Table 1B--Prior and Posterior Distribution of Shock Processes

This is essentially a rewrite of Smets and Wouters' own code, which is available at http:https://www.aeaweb.org/articles.php?doi=10.1257/aer.97.3.586

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Code for Smets and Wouters (AER, 2007)

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