A toolkit for analyzing nonlinear dynamic stochastic models easily

This paper describes and implements a procedure for estimating the timing interval in any linear econometric model. The procedure is applied to Taylor’s model of staggered contracts using annual averaged price and output data. The fit of the version of Taylor’s model with serially uncorrelated disturbances improves as the timing interval of the model is reduced.

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Year of publication:	1995
Authors:	Uhlig, Harald
Institutions:	Federal Reserve Bank of Minneapolis
Subject:	Econometric models

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Extent:	application/pdf
Series:	Discussion Paper / Institute for Empirical Macroeconomics.
Type of publication:	Book / Working Paper
Notes:	Number 101
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005372859