| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8364 |
| DP8364 Business cycle measurement with some theory | |
| Fabio Canova; Matthias Paustian | |
| 发表日期 | 2011-04-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | A method to evaluate cyclical models which does not require knowledge of the DGP and the exact specification of the aggregate decision rules is proposed. We derive robust restrictions in a class of models; use some to identify structural shocks in the data and others to evaluate the class or contrast sub-models. The approach has good properties, even in small samples, and when the class of models is misspecified. We show how to sort out the relevance of a certain friction (the presence of rule-of-thumb consumers) in a standard class of models. |
| 主题 | International Macroeconomics |
| 关键词 | Sign restrictions Shock identification Model validation Misspecification |
| URL | https://cepr.org/publications/dp8364 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537191 |
| 推荐引用方式 GB/T 7714 | Fabio Canova,Matthias Paustian. DP8364 Business cycle measurement with some theory. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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