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Getting normalization right : dealing with ‘dimensional constants’ in macroeconomics
Cantore, C.; Levine, Paul - In: Journal of economic dynamics & control 36 (2012) 12, pp. 1931-1949
Persistent link: https://www.econbiz.de/10009701905
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Getting Normalization Right: Dealing with ‘Dimensional Constants’ in Macroeconomics
Cantore, Cristiano; Levine, Paul - Centre pour la Recherche Économique et ses … - 2011
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
Cover Image
Getting normalization right: Dealing with ‘dimensional constants’ in macroeconomics
Cantore, C.; Levine, P. - In: Journal of Economic Dynamics and Control 36 (2012) 12, pp. 1931-1949
We contribute to a recent literature on the normalization, calibration and estimation of CES production functions. The … that our ‘re-parameterization’ method is equivalent and arguably more straightforward than the standard normalization in …
Persistent link: https://www.econbiz.de/10011051982