Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/65819 
Year of Publication: 
2012
Series/Report no.: 
Cardiff Economics Working Papers No. E2012/17
Publisher: 
Cardiff University, Cardiff Business School, Cardiff
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

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