SIMULATION-BASED ESTIMATION OF DYNAMIC MODELS WITH CONTINUOUS EQUILIBRIUM SOLUTIONS

This paper presents several results on consistency properties of simulation-based estimators for a general class of dynamic models with continuous laws of motion. The consistency of these estimators follows from a uniform convergence property of the model's sample paths over the vector of parameters. This convergence property is established under either contractivity or monotonicity conditions on the dynamics of the system.

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Year of publication:	2003-10
Authors:	Santos, Manuel S.
Institutions:	Departamento de Economía, Universidad Carlos III de Madrid

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Extent:	application/pdf
Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005417147