Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10011431117
Persistent link: https://www.econbiz.de/10012241039
Persistent link: https://www.econbiz.de/10012389084
We highlight a state variable misspecification with one accepted method to implement stochastic volatility (SV) in DSGE models when transforming the nonlinear state-innovation dynamics to its linear representation. Although the technique is more efficient numerically, we show that it is not...
Persistent link: https://www.econbiz.de/10012932443