This chapter provides an overview of solution and estimation techniques for dynamic
stochastic general equilibrium models. We cover the foundations of numerical …

Evaluating policy in imperfectly competitive markets requires understanding firm behavior.
While researchers test conduct via model selection and assessment, we present advantages …

I propose a nonparametric iid bootstrap that achieves asymptotic refinements for t tests and
confidence intervals based on GMM estimators even when the model is misspecified. In …

This chapter analyzes the empirical relationship between the pricesetting/consumption
behavior and the sources of persistence in inflation and output. First, a small-scale New …

В книге 1 «Справочного руководства по макроэкономике» представлен анализ
фундаментальных факторов, на которых строятся макроэкономические теории и с …

This paper analyzes the empirical relationship between the price-setting/consumer behavior
and the sources of persistence in inflation and output. First, a small-scale New-Keynesian …

This paper proposes a nonparametric iid bootstrap that achieves asymptotic refinements for t
tests and confidence intervals (CI's) based on the generalized method of moments (GMM) …

Generalized Empirical Likelihood (GEL) estimator is first order equivalent to GMM estimator
and has better finite sample prop $ erties. In this paper, we show the usual LM specification …