model passes the indirect inference test against the UK data from 1870 to 2015. We find that shocks to aggregate TFP …

model passes the indirect inference test against the UK data from 1870 to 2015. We find that shocks to aggregate TFP …

address this challenge, we propose an indirect inference method that assesses identification by examining how changes in these … significant rejections in our indirect inference test. Applying our method to a standard three-equation New Keynesian model and … increase rejection rates. These results support the identification of star variables and indicate that indirect inference …

by using the method of Indirect Inference where we test whether the modelís simulated behaviour can match the reduced …

estimated by the Simulated Method of Moments with Indirect Inference using data from the British Household Panel Study. Results …

estimated by the Simulated Method of Moments with Indirect Inference using data from the British Household Panel Study. Results …