Modelbase Documents

The following articles explain an approach to model comparison taken in the Macro Model Data Base software and provides some examples. As sources please always cite:

Wieland, Volker, Tobias Cwik, Gernot J. Müller, Sebastian Schmidt and Maik Wolters, "A New comparative approach to macroeconomic modeling and policy analysis", Journal of Economic Behavior and Organization, August 2012, Vol. 83, 523-541 (last working paper version)

Wieland, V., Afanasyeva, E., Kuete, M., and Yoo, J., ‘New Methods for Macro-Financial Model Comparison and Policy Analysis.’ Forthcoming in Handbook of Macroeconomics, Volume 2, Elsevier. (last working paper version)