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dc.contributor.authorCanova, Fabio
dc.contributor.authorFerroni, Filippo
dc.contributor.authorMatthes, Christian
dc.date.accessioned2017-02-02T11:27:58Z
dc.date.available2017-02-02T11:27:58Z
dc.date.issued2016
dc.identifier.issn1892-2198
dc.identifier.urihttp://hdl.handle.net/11250/2429258
dc.description.abstractThe 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.isoengnb_NO
dc.publisherBI Norwegian Business Schoolnb_NO
dc.relation.ispartofseriesCAMP Working Paper Series;1/2016
dc.subjectStructural model, time varying coeffocoents, endogenous variations, mis-specificationnb_NO
dc.titleApproximating time varying structural models with time invariant structuresnb_NO
dc.typeWorking papernb_NO
dc.source.pagenumber43nb_NO


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