Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; … - 2019 - Revised November 2018
-Keynesian DSGE models used in monetary policy analysis. We find that problems with model misspecification still appear to be a first …-order issue in monetary DSGE models, and argue that it is problems with model misspecification that may benefit the most from … assumed to affect all DSGE models. Fortunately, identification problems can be readily assessed on a case-by-case basis, by …