The 'puzzles' methodology : en route to indirect inference?

Vo Phuong Mai Le, Patrick Minford and Michael Wickens

We review the methods used in many papers to evaluate DSGE models by comparing their simulated moments with data moments. We compare these with the method of Indirect Inference to which they are closely related. We illustrate the comparison with contrasting assessments of a two-country model in two recent papers. We conclude that Indirect Inference is the proper end point of the puzzles methodology. -- Bootstrap ; US-EU model ; DSGE ; VAR ; indirect inference ; Wald statistic ; anomaly ; puzzle

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Year of publication:	2009
Authors:	Le, Vo Phuong Mai ; Minford, Patrick ; Wickens, Michael R.
Publisher:	Cardiff : Cardiff Univ, Cardiff Business School, Economics Section
Subject:	Bootstrap-Verfahren \| Bootstrap approach \| Dynamisches Gleichgewicht \| Dynamic equilibrium \| VAR-Modell \| VAR model

Extent:	Online-Ressource (PDF-Datei: 23 S.) graph. Darst.
Series:	Cardiff economics working papers. - Cardiff : [Verlag nicht ermittelbar], ISSN 1749-6101, ZDB-ID 2257349-5. - Vol. 2009,22
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/65808 [Handle]
Classification:	C12 - Hypothesis Testing ; C32 - Time-Series Models ; C52 - Model Evaluation and Testing ; E1 - General Aggregative Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10003898762