dc.contributor.author | Canova, Fabio | |
dc.contributor.author | Ferroni, Filippo | |
dc.contributor.author | Matthes, Christian | |
dc.date.accessioned | 2017-02-02T11:27:58Z | |
dc.date.available | 2017-02-02T11:27:58Z | |
dc.date.issued | 2016 | |
dc.identifier.issn | 1892-2198 | |
dc.identifier.uri | http://hdl.handle.net/11250/2429258 | |
dc.description.abstract | The paper studies how parameter variation affects the decision rules of a DSGE model and structural inference. We provide diagnostics to detect parameter variations and to ascertain whether they are exogenous or endogenous. Identi cation and inferential distortions when a constant parameter model is incorrectly assumed are examined. Likelihood and VAR-based estimates of the structural dynamics when parameter variations are neglected are compared. Time variations in the nancial frictions of Gertler and Karadi s (2010) model are studied. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | BI Norwegian Business School | nb_NO |
dc.relation.ispartofseries | CAMP Working Paper Series;1/2016 | |
dc.subject | Structural model, time varying coeffocoents, endogenous variations, mis-specification | nb_NO |
dc.title | Approximating time varying structural models with time invariant structures | nb_NO |
dc.type | Working paper | nb_NO |
dc.source.pagenumber | 43 | nb_NO |