identification. The paper finds that euro area government bond markets were well integrated prior to the crisis, but saw a …

of this literature. It focuses on alternative approaches to the identification of structural shocks within the framework …

identification problems due, in large part, to the nature of DSGE models. The problems can be patched up in a number of ways, but … solved only if DSGEs are completely reparametrized or respecified. The potential misspecification of the structural … flexibility of SVARs against potential misspecification of the structural relationships but must firmly tie SVARs to the class of …

, misspecification is substantial: short run coefficients often have wrong signs; impulse responses and variance decompositions give …

We investigate identification issues in DSGE models and their consequences for parameter estimation and model … equivalence, partial and weak identification problems are widespread and typically produced by an ill-behaved mapping between the … structural parameters and the coefficients of the solution. Different objective functions affect identification and small samples …