The Bayesian estimation of private investment in Finland
Abstract This paper estimates an investment equation for private investment using Bayesian estimation techniques. In the paper we derive the optimal capital accumulation behavior in the model economy from the households’ optimization problem of utility. The equation is derived as in Smets and Wou...
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| Other Authors: | , , , , , |
| Format: | Master's thesis |
| Language: | eng |
| Published: |
2009
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| Subjects: | |
| Online Access: | https://jyx.jyu.fi/handle/123456789/25501 |