Choosing the variables to estimate singular DSGE models: Comment

Nikolay Iskrev

No 41, Dynare Working Papers from CEPREMAP

Abstract: In a recent article Canova et al. (2014) study the optimal choice of variables to use in the estimation of a simplified version of the Smets and Wouters (2007) model. In this comment I examine their conclusions by applying a different methodology to the same model. The results call into question most of Canova et al. (2014) findings.

Keywords: DSGE models; Observables; Identification; Information matrix; Cramer-Rao lower bound (search for similar items in EconPapers)
JEL-codes: C32 C51 C52 E32 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2014-10
New Economics Papers: this item is included in nep-dge, nep-ecm and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Choosing the variables to estimate singular DSGE models: Comment (2016)
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