Identification problems in the solution of linearized DSGE models

This article analyzes identification problems that may arise while linearizing and solving DSGE models. A criterion is proposed to determine whether or not a set of parameters is partially identifiable, in the sense of Canova and Sala (2009), based on the computation of a basis for the null space of the Jacobian matrix of the function mapping the parameters with the coefficients in the solution of the model.

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Year of publication:	2010-03-28
Authors:	Bonaldi, Jean Pietro
Institutions:	BANCO DE LA REPÚBLICA
Subject:	Parameter identification \| DSGE models

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Series:	BORRADORES DE ECONOMIA.
Type of publication:	Book / Working Paper
Language:	English
Notes:	9 pages long
Classification:	C13 - Estimation ; C51 - Model Construction and Estimation ; C52 - Model Evaluation and Testing ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008503163