Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/65808
Authors: 
Vo Phuong Mai Le
Minford, Patrick
Wickens, Michael
Year of Publication: 
2009
Series/Report no.: 
Cardiff Economics Working Papers E2009/22
Abstract: 
We review the methods used in many papers to evaluate DSGE models by comparing their simulated moments with data moments. We compare these with the method of Indirect Inference to which they are closely related. We illustrate the comparison with contrasting assessments of a two-country model in two recent papers. We conclude that Indirect Inference is the proper end point of the puzzles methodology.
Subjects: 
bootstrap
US-EU model
DSGE
VAR
indirect inference
Wald statistic
anomaly
puzzle
JEL: 
C12
C32
C52
E1
Document Type: 
Working Paper

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