Search Results - subject:"Indirect inference"

Indirect Inference for Dynamic Panel Models

Gourieroux, Christian; Phillips, Peter C. B.; Yu, Jun - Cowles Foundation for Research in Economics, Yale University - 2006

based on indirect inference (Gouriéroux et al., 1993), shows unbiasedness and analyzes efficiency. The method is implemented …

Persistent link: https://www.econbiz.de/10005593442

Employment stickiness in small manufacturing firms

Vermeulen, Philip - European Central Bank - 2006

stickiness. A structural model of dynamic labor demand with adjustment costs and indivisibility is estimated using indirect … inference on a panel of small French manufacturing firms. Adjustment cost are estimated to be very small. Indivisibility …

Persistent link: https://www.econbiz.de/10005344955

On the Dynamics of Interstate Migration: Migration Costs and Self-Selection

Bayer, Christian; Juessen, Falko - Institut für Wirtschafts- und Sozialstatistik, … - 2006

This paper develops a tractable dynamic microeconomic model of migration decisions that is aggregated to describe the behavior of interregional migration. Our structural approach allows us to deal with dynamic self-selection problems that arise from the endogeneity of location choice and the...

Persistent link: https://www.econbiz.de/10009219869

Maximum Likelihood and Gaussian Estimation of Continuous Time Models in Finance

Phillips, Peter C. B.; Yu, Jun - East Asian Bureau of Economic Research (EABER) - 2006

finance. Bias correction methods are also considered and particular attention is given to jackknife and indirect inference …

Persistent link: https://www.econbiz.de/10009365186

Banking and the Macroeconomy in China: A Banking Crisis Deferred?

Le, Vo Phuong Mai; Matthews, Kent; Meenagh, David; … - C.E.P.R. Discussion Papers - 2013

episode. It differs from other applications in the use of indirect inference procedure to test the fitted model. The model …

Persistent link: https://www.econbiz.de/10011084147

A Monte Carlo procedure for checking identification in DSGE models

Le, Vo Phuong Mai; Minford, Patrick; Wickens, Michael R. - C.E.P.R. Discussion Papers - 2013

We propose a numerical method, based on indirect inference, for checking the identification of a DSGE model. Monte …

Persistent link: https://www.econbiz.de/10011084568

What causes banking crises? An empirical investigation for the world economy

Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; … - C.E.P.R. Discussion Papers - 2013

it by indirect inference; the resulting model passes the Wald test only on outputs in the two countries. We then extract …

Persistent link: https://www.econbiz.de/10011084594

Taylor Rule or optimal timeless policy? Reconsidering the Fed's behavior since 1982

Minford, Patrick; Ou, Zhirong - In: Economic Modelling 32 (2013) C, pp. 113-123

match the data according to the method of indirect inference. We find that the Optimal Timeless Rule performs the best …

Persistent link: https://www.econbiz.de/10011048809

Indirect Inference in fractional short-term interest rate diffusions

Laurini, Márcio Poletti; Hotta, Luiz Koodi - In: Mathematics and Computers in Simulation (MATCOM) 94 (2013) C, pp. 109-126

, we discuss the use of simulation-based Indirect Inference. …

Persistent link: https://www.econbiz.de/10011050503

On the informational role of term structure in the US monetary policy rule

Vázquez, Jesús; María-Dolores, Ramón; Londoño, … - In: Journal of Economic Dynamics and Control 37 (2013) 9, pp. 1852-1871

This paper uses a structural approach based on the indirect inference principle to estimate a standard version of the …

Persistent link: https://www.econbiz.de/10011051907