Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101120
Authors: 
Le, Vo Phuong Mai
Minford, Patrick
Wickens, Michael
Year of Publication: 
2013
Series/Report no.: 
Cardiff Economics Working Papers E2013/4
Abstract: 
We propose a numerical method, based on indirect inference, for checking the identification of a DSGE model. Monte Carlo samples are generated from the model's true structural parameters and a VAR approximation to the reduced form estimated for each sample. We then search for a different set of structural parameters that could potentially also generate these VAR parameters. If we can find such a set, the model is not identified.
Subjects: 
identification
DSGE model
Monte Carlo
indirect inference
JEL: 
C13
C51
C52
E32
Document Type: 
Working Paper

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