Which of the following is the third step in the procedure of conducting a research by researchers using a DSGE model?
A)To match up the model with economic data, using statistical techniques to calculate the size of shocks that occur.
B)To pose the question to be answered.
C)To simulate the model and compare statistical properties of the model with those of the data.
D)To develop a model containing major elements needed to answer the question, and to analyze the decision that each economic agent must face.

Question

Which of the following is the third step in the procedure of conducting a research by researchers using a DSGE model?​
A)​To match up the model with economic data, using statistical techniques to calculate the size of shocks that occur.
B)​To pose the question to be answered.
C)​To simulate the model and compare statistical properties of the model with those of the data.
D)​To develop a model containing major elements needed to answer the question, and to analyze the decision that each economic agent must face.

Quizplus · Accepted Answer

The third step in conducting research using a DSGE model is to match up the model with economic data, using statistical techniques to calculate the size of shocks that occur.

Which of the Following Is the Third Step in the Procedure