estimation method. Every period firms simultaneously select an action from a finite set. We characterize the set of Markov … conditions. We propose a simple estimation procedure which follows the steps in the identification argument. The estimator is …

Standard practice for the estimation of dynamic stochastic general equilibrium (DSGE) models maintains the assumption … that economic variables are properly measured by a single indicator, and that all relevant information for the estimation … empirical framework for the estimation of DSGE models that exploits the relevant information from a data-rich environment. This …