Comment to 'Weak Instruments Robust Tests in GMM and the New Keynesian Phillips Curve' by Frank Kleibergen and Sophocles Mavroeidis

I discuss the identifiability of a structural New Keynesian Phillips curve when it is embedded in a small scale dynamic stochastic general equilibrium model. Identification problems emerge because not all the structural parameters are recoverable from the semi-structural ones and because the objective functions I consider are poorly behaved. The solution and the moment mappings are responsible for the problems

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Year of publication:	2014
Authors:	Canova, Fabio
Publisher:	[S.l.] : SSRN
Subject:	Phillips-Kurve \| Phillips curve \| Momentenmethode \| Method of moments \| Statistischer Test \| Statistical test \| Strukturbruch \| Structural break

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Extent:	1 Online-Ressource (10 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 30, 2009 erstellt
Other identifiers:	10.2139/ssrn.1441176 [DOI]
Classification:	C10 - Econometric and Statistical Methods: General. General ; C52 - Model Evaluation and Testing ; E32 - Business Fluctuations; Cycles ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014205899