Seminario: "Choosing the variables to estimate singular DSGE models"

Lunes 11 de Noviembre, 17.00h.

Choosing the variables to estimate singular DSGE models

Abstract: We propose two methods to choose the variables to de used in the estimation of the structural parameters of a singular DSGE model. The first selects the vector of observables that optimizes parameter identification; the second the vector that minimizes the informational discrepancy between the singular and non-singular model. An application to a standard model is discussed and the estimation properties of different setups compared. Practical suggestions for applied researchers are provided.


Fabio Canova
Ph.D. in Economics, University of Minnesota. 
Pierre Werner Chair of Monetary Union, RSCAS, EUI. 
Professor of Econometrics, EUI. 
Program Director, Budapest School of Central Banking Studies.

Lugar: Campus Alcorta: Av. Figueroa Alcorta 7350, Ciudad de Buenos Aires.
Contacto: Departamento de Economía

Organiza: Departamento de Economia