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results are also important as: i) we introduce the concept of normalization for DSGE models and, ii) they may help interpret …
Persistent link: https://www.econbiz.de/10011605324
We contribute to a recent literature on the normalization, calibration and estimation of CES production functions. The … that our ‘re-parametrization’ method is equivalent and arguably more straightforward than the standard normalization in …
Persistent link: https://www.econbiz.de/10009197252
results are also important as: i) we introduce the concept of normalization for DSGE models and, ii) they may help interpret …
Persistent link: https://www.econbiz.de/10008765005