A check for finite order VAR representations of DSGE models

Massimo Franchi and Anna Vidotto

Economics Letters, 2013, vol. 120, issue 1, 100-103

Abstract: The present paper shows that a DSGE model can be represented by a finite order VAR if and only if the eigenvalues of the matrix defined in Fernández-Villaverde et al. (2007) are all equal to zero. Further it shows that this condition is equivalent to the unimodularity condition presented in Ravenna (2007).

Keywords: DSGE models; Vector autoregressions; Invertibility; Fundamentalness (search for similar items in EconPapers)
JEL-codes: C01 C18 C32 E32 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (23)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:120:y:2013:i:1:p:100-103

DOI: 10.1016/j.econlet.2013.04.013

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