How Deep Are the Deep Parameters?

Policy evaluation based on the estimation of dynamic stochastic general equilibrium models rests on the assumption that a representative agent can be identified, whose behavioural parameters are policy-independent. Building on earlier work by Geweke [1985], this paper shows that in the presence of a...

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Veröffentlicht in:	Annales d'économie et de statistique 2002-07, Vol.67-68 (67/68), p.207-226
Hauptverfasser:	Altissimo, Filippo, Siviero, Stefano, Terlizzese, Daniele
Format:	Artikel
Sprache:	eng
Schlagworte:	Aggregation Applied sciences Coefficients Econometrics Economic decision rule Economic dynamics Economic models Economic policy Economics Exact sciences and technology General economic equilibrium Lucas critique Macroeconomic modeling Macroeconomic policy Mathematical independent variables Monetary policy Operational research and scientific management Operational research. Management science Parametric models Policy analysis Statistical methods Stochastic models
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