standard perturbation output. I examine the joint macroeconomic and asset pricing implications of a real business cycle model …

One of the leading methods of estimating the structural parameters of DSGE models is the VAR-based impulse response … both weakly and strongly identified DSGE model parameters. We also show that under our assumptions special care is needed …

One of the leading methods of estimating the structural parameters of DSGE models is the VAR-based impulse response … sheds new light on the choice of the weighting matrix and covers both weakly and strongly identified DSGE model parameters …

is unlikely to be a potential source of error. -- perturbation ; DSGE ; nonlinear ; pruning …We derive recursive representations of nonlinear moving average (NLMA) perturbations of DSGE models. As the stability … provide rigorous support for the practice of pruning that is becoming widespread. Our recursive representation differs from …