Narrow search
Showing 1 - 10 of 21
Cover Image
Identification of Technology Shocks in Structural VARs
Fève, Patrick; Guay, Alain - Centre Interuniversitaire sur le Risque, les Politiques … - 2007
The usefulness of SVARs for developing empirically plausible models is actually subject to many controversies in quantitative macroeconomics. In this paper, we propose a simple alternative two step SVARs based procedure which consistently identifies and estimates the effect of permanent...
Persistent link: https://www.econbiz.de/10005015269
Cover Image
The Response of Hours to a Technology Shock: a Two-Step Structural VAR Approach
Fève, Patrick; Guay, Alain - Centre Interuniversitaire sur le Risque, les Politiques … - 2007
The response of hours worked to a technology shock is an important and a controversial issue in macroeconomics. Unfortunately, the estimated response is generally sensitive to the specification of hours in SVARs. This paper uses a simple two-step approach in order to consistently estimate...
Persistent link: https://www.econbiz.de/10005015290
Cover Image
Sensitivity of Impulse Responses to Small Low Frequency Co-Movements : Reconciling the Evidence on the Effects of Technology Shocks
GOSPODINOV, Nikolay; MAYNARD, Alex; PESAVENTO, Elena - Centre Interuniversitaire de Recherche en Économie … - 2009
This paper clarifies the empirical source of the debate on the effect of technology shocks on hours worked. We find that the contrasting conclusions from levels and differenced VAR specifications can be explained by a small, but important, low frequency co-movement between hours worked and...
Persistent link: https://www.econbiz.de/10008617068
Cover Image
Methods to Estimate Dynamic Stochastic General Equilibrium Models
RUGE-MURCIA, Francisco J. - Département de Sciences Économiques, Université de … - 2003
This paper employs the one-sector Real Business Cycle model as a testing ground for four different procedures to estimate Dynamic Stochastic General Equilibrium (DSGE) models. The procedures are: 1 ) Maximum Likelihood, with and without measurement errors and incorporating Bayesian priors, 2)...
Persistent link: https://www.econbiz.de/10005353365
Cover Image
Methods to Estimate Dynamic Stochastic General Equilibrium Models
RUGE-MURCIA, Francisco J. - Centre Interuniversitaire de Recherche en Économie … - 2003
This paper employs the one-sector Real Business Cycle model as a testing ground for four different procedures to estimate Dynamic Stochastic General Equilibrium (DSGE) models. The procedures are: 1) Maximum Likelihood, with and without measurement errors and incorporating Bayesian priors, 2)...
Persistent link: https://www.econbiz.de/10005133076
Cover Image
Dynamic linear economies with social interactions
ÖZGÜR, Onur; BISIN, Alberto - Département de Sciences Économiques, Université de … - 2011
, depending on the nature of interactions. Most importantly, we study formally the issue of the identification of social …
Persistent link: https://www.econbiz.de/10010933671
Cover Image
Inferring Rationales from Choice : Identification for Rational Shortlist Methods
Dutta, Rohan; Horan, Sean - Centre Interuniversitaire de Recherche en Économie … - 2013
A wide variety of choice behavior inconsistent with preference maximization can be explained by Manzini and Mariotti's Rational Shortlist Methods. Choices are made by sequentially applying a pair of asymmetric binary relations (rationales) to eliminate inferior alternatives. Manzini and...
Persistent link: https://www.econbiz.de/10010927900
Cover Image
The Econometrics of Social Networks
Bramoullé, Yann; Fortin, Bernard - Centre Interuniversitaire sur le Risque, les Politiques … - 2009
on both aspects of social networks and discuss the identification and estimation issues they raise. …
Persistent link: https://www.econbiz.de/10005015238
Cover Image
Fluctuations in the Foreign Exchange Market: How Important are Monetary Policy Shocks?
Bouakez, Hafedh; Normandin, Michel - Centre Interuniversitaire sur le Risque, les Politiques … - 2008
identification. At the same time, it allows us to assess the implications of imposing invalid identifying restrictions. Our results …
Persistent link: https://www.econbiz.de/10005015281
Cover Image
Identification of Peer Effects through Social Networks
Bramoullé, Yann; Djebbari, Habiba; Fortin, Bernard - Centre Interuniversitaire sur le Risque, les Politiques … - 2007
We provide new results regarding the identification of peer effects. We consider an extended version of the linear … cases, we provide easy-to-check necessary and sufficient conditions for identification. We show that endogenous and … exogenous effects are generally identified under network interaction, although identification may fail for some particular …
Persistent link: https://www.econbiz.de/10005015298