Title of article
Back tosquareone:IdentificationissuesinDSGEmodels
Author/Authors
FabioCanova، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2008
Pages
19
From page
431
To page
449
Abstract
WeinvestigateidentificationissuesinDSGEmodelsandtheirconsequencesfor
parameter estimationandmodelevaluationwhentheobjectivefunctionmeasuresthe
distancebetweenestimatedandmodel-basedimpulseresponses.Observational
equivalence,partialandweakidentificationproblemsarewidespreadandtypically
produced byanill-behavedmappingbetweenthestructuralparametersandthe
coefficientsofthesolution.Differentobjectivefunctionsaffectidentificationandsmall
samplesinteractwithparametersidentification.Diagnosticstodetectidentification
deficienciesareprovidedandappliedtoawidelyusedmodel
Keywords
IdentificationImpulse responsesDSGE modelsSmall samples
Journal title
Journal of Monetary Economics
Serial Year
2008
Journal title
Journal of Monetary Economics
Record number
846304
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