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Calibrated Models

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Author Info
Cooley, Thomas F

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Abstract

Calibrated models have become an important tool for economic research and policy analysis. This paper discusses and illustrates the methodology of calibration. It also describes the range of questions that have been addressed with calibrated models and considers the problem of evaluation of calibrated models. Copyright 1997 by Oxford University Press.

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Publisher Info
Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

Volume (Year): 13 (1997)
Issue (Month): 3 (Autumn)
Pages: 55-69
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Handle: RePEc:oup:oxford:v:13:y:1997:i:3:p:55-69

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  4. Colin Bermingham, 2006. "Employment and Inflation Responses to an Exchange Rate Shock in a Calibrated Model," The Economic and Social Review, Economic and Social Studies, vol. 37(1), pages 27-46. [Downloadable!]
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