| dc.contributor.author | CANOVA, Fabio | en |
| dc.date.accessioned | 2021-05-21T10:03:04Z | |
| dc.date.available | 2021-05-21T10:03:04Z | |
| dc.date.issued | 1994 | |
| dc.identifier.citation | Journal of applied econometrics, 1994, Vol. 9, No. 51, pp. 123-144 | en |
| dc.identifier.issn | 0883-7252 | |
| dc.identifier.issn | 1099-1255 | |
| dc.identifier.uri | https://hdl.handle.net/1814/71295 | |
| dc.description | First published: December 1994 | en |
| dc.description.abstract | This paper describes a Monte Carlo procedure to assess the performance of calibrated dynamic general equilibrium models. The procedure formalizes the choice of parameters and the evaluation of the model and provides an efficient way to conduct a sensitivity analysis for perturbations of the parameters within a reasonable range. As an illustration the methodology is applied to two problems: the equity premium puzzle and how much of the variance of actual US output is explained by a real business cycle model. | en |
| dc.language.iso | en | |
| dc.publisher | John Wiley & Sons | en |
| dc.relation.ispartof | Journal of applied econometrics | |
| dc.title | Statistical-inference in calibrated models | en |
| dc.type | Article | en |
| dc.identifier.doi | 10.1002/jae.3950090508 | |
| dc.identifier.volume | 9 | |
| dc.identifier.startpage | 123 | |
| dc.identifier.endpage | 144 | |
| eui.subscribe.skip | true | |
| dc.identifier.issue | 51 | |