General-to-Specific Procedures for Fitting a Data-Admissible, Theory-Inspired, Congruent, Parsimonious, Encompassing, Weakly-Exogenous, Identified, Structural Model to the Dgp : A Translation and Critique

We characterize the LSE approach by its implications for reduced-form modeling and structural interpretations. Much of what has come to be associated with the LSE methodology involves the approach to fitting reduced forms samples plagued by serial correlation. The policy analysis one might be able to do with an "LSE model," on the other hand, hinges on structural identification arguments which do not meet the classic Cowles Commission standards, and is thus suspect

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Year of publication:	1997
Authors:	Faust, Jon ; Whiteman, Charles H.
Publisher:	[S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Series:	International Finance Discussion Paper ; No. 576
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 1997 erstellt Volltext nicht verfügbar
Classification:	C22 - Time-Series Models ; C52 - Model Evaluation and Testing
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014074151