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identification problems due, in large part, to the nature of DSGE models. The problems can be patched up in a number of ways but …
Persistent link: https://www.econbiz.de/10005707965
observational equivalence, partial and weak identification problems are widespread, that they lead to biased estimates, unreliable t … identification and study how small samples interact with parameters and shock identification. We provide diagnostics and tests to … detect identification failures and apply them to a state-of-the-art model. …
Persistent link: https://www.econbiz.de/10005772125
We investigate identification issues in DSGE models and their consequences for parameter estimation and model … equivalence, partial and weak identification problems are widespread and typically produced by an ill-behaved mapping between the … structural parameters and the coefficients of the solution. Different objective functions affect identification and small samples …
Persistent link: https://www.econbiz.de/10004990850
identification problems due, in large part, to the nature of DSGE models. The problems can be patched up in a number of ways, but …
Persistent link: https://www.econbiz.de/10005662393
equivalence, partial and weak identification problems are widespread and they lead to biased estimates, unreliable t … identification and study how small samples interact with parameters and shock identification. We provide diagnostics and tests to … detect identification failures and apply them to a state-of-the-art model. …
Persistent link: https://www.econbiz.de/10005155307
stochastic general equilibrium model. Identification problems emerge because not all the structural parameters are recoverable …
Persistent link: https://www.econbiz.de/10014205899
What are the drivers of business cycle fluctuations? And how many are there? By documenting strong and predictable co-movement of real variables during the business cycle in a sample of advanced economies, we argue that most business cycle fluctuations a re d riven b y o ne major factor. The...
Persistent link: https://www.econbiz.de/10011804373
What are the drivers of business cycle fluctuations? And how many are there? By documenting strong and predictable co-movement of real variables during the business cycle in a sample of advanced economies, we argue that most business cycle fluctuations a re d riven b y o ne major factor. The...
Persistent link: https://www.econbiz.de/10011647948
asymptotically valid regardless of the strength of the identification. …
Persistent link: https://www.econbiz.de/10008528534
parameters that are asymptotically valid from a frequentist point of view regardless of the strength of identification. One …
Persistent link: https://www.econbiz.de/10011757054