Types of initialization methods

[jpfeifer]

That’s a very general question. Some start may be

Calibration using moments of data

One example is at https://github.com/JohannesPfeifer/DSGE_mod/tree/master/RBC_baseline. It calibrates the model based on big ratios like I/Y.

and

Best methods for calibrating/estimating parameters

Dear forum. Methods I know so far for giving numerical values to parameters can be summarized to my best knowledge in: i) calibrating from previous literature findings, ii) IRF-matching (from an SVAR, as noted here), and iii) directly estimating from a BVAR posterior distribution. I’d be grateful if you could guide me on other methods that could exist and, that are used and accepted as good empirical contrastation of DSGE models. And also if you may tell me some of the difficulty-robustness rel…