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http://hdl.handle.net/10419/65819
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| Title: | | Testing macroeconomic models by indirect inference on unfiltered data  |
| Authors: | | Meenagh, David Minford, Patrick Wickens, Michael |
| Issue Date: | | 2012 |
| Series/Report no.: | | Cardiff Economics Working Papers E2012/17 |
| Abstract: | | We extend the method of indirect inference testing to data that is not filtered and so may be non-stationary. We apply the method to an open economy real business cycle model on UK data. We review the method using a Monte Carlo experiment and find that it performs accurately and has good power. |
| Subjects: | | bootstrap DSGE VECM indirect inference Monte Carlo |
| JEL: | | C12 C32 C52 E1 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Cardiff Economics Working Papers
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