Showing 1 - 10 of 63
We extend the method of indirect inference testing to data that is not filtered and so may be non-stationary. We apply the method to an open economy real business cycle model on UK data. We review the method using a Monte Carlo experiment and find that it performs accurately and has good power....
Persistent link: https://www.econbiz.de/10009583708
We ask whether Bayesian estimation creates a potential estimation bias as compared with standard estimation techniques based on the data, such as maximum likelihood or indirect estimation. We investigate this with a Monte Carlo experiment in which the true version of a New Keynesian model may...
Persistent link: https://www.econbiz.de/10012624789
Persistent link: https://www.econbiz.de/10012416581
Persistent link: https://www.econbiz.de/10011619171
Persistent link: https://www.econbiz.de/10013455580
Persistent link: https://www.econbiz.de/10013424340
Persistent link: https://www.econbiz.de/10000779308
Persistent link: https://www.econbiz.de/10003481721
Persistent link: https://www.econbiz.de/10003429978
Persistent link: https://www.econbiz.de/10003466750