论文检索

含滞后潜变量模型的模拟估计AI 解读

We extend here our earlier work (Laroque-Salanié, 1989) and propose a dynamic simulated pseudo-maximum likelihood method to deal with a very general class of dynamic non-linear models, including models with lagged latent variables. We test this method on Monte Carlo-generated data for a canonical disequilibrium model. It appears to provide very satisfactory estimates at little computational cost. However, accurate estimation of the standard errors of the estimates may…

带数量配给的季度宏观经济模型估计AI 解读

We specify and estimate a small fix-price model with quantity rationing on both the goods and labor markets. The side of the market which is rationed is random. The model is able to generate a productivity cycle and the degree of capacity utilization is endogenous. The rationing scheme, allocating supply between the various components of demand is estimated. The probabilities of being in the various regimes, the intensity of the disequilibrium on the markets, and the results…