Discussion of estimating linearized heterogeneous agent models using panel data

Wouter J. Den Haan

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: The techniques proposed in Papp and Reiter (2020) allow the use of cross-sectional and aggregate data observed at different frequencies in the estimation of dynamic stochastic macroeconomic models. However, the question is whether technique is getting ahead of what is sensible in terms of currently available empirical strategies to estimate macroeconomic models which are – without exception – misspecified.

Keywords: heterogeneous agents; misspecification; solution techniques (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2020-06-01
New Economics Papers: this item is included in nep-dge and nep-ecm
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Published in Journal of Economic Dynamics and Control, 1, June, 2020, 115. ISSN: 0165-1889

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