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dc.contributor.authorFRANCHI Massimoen_GB
dc.contributor.authorPARUOLO PAOLOen_GB
dc.date.accessioned2016-01-14T01:41:33Z-
dc.date.available2016-01-12en_GB
dc.date.available2016-01-14T01:41:33Z-
dc.date.created2015-11-23en_GB
dc.date.issued2014en_GB
dc.date.submitted2014-09-09en_GB
dc.identifier.citationCOMPUTATIONAL ECONOMICS vol. 46 no. 4 p. 613–626en_GB
dc.identifier.issn0927-7099en_GB
dc.identifier.urihttp://link.springer.com/article/10.1007%2Fs10614-014-9465-4en_GB
dc.identifier.urihttp://publications.jrc.ec.europa.eu/repository/handle/JRC91678-
dc.description.abstractStandard solution methods of DSGE models do not necessarily deliver minimal state space forms. When the ABCD form is non-minimal, the conditions in the literature are not necessary for the existence of a VAR representation of the observables. In this paper we present necessary and sufficient conditions that are valid in general, and hence can be applied to minimal and non-minimal ABCD forms. If the state space form is minimal, our conditions coincide with those in the literature. These results also clarify that it is possible to have unstable eigenvalues together with a (possibly finite) VAR representation of the observables.en_GB
dc.description.sponsorshipJRC.DDG.01-Econometrics and applied statisticsen_GB
dc.format.mediumPrinteden_GB
dc.languageENGen_GB
dc.publisherSPRINGERen_GB
dc.relation.ispartofseriesJRC91678en_GB
dc.titleMinimality of state space solutions of DSGE models and existence conditions for their VAR representationen_GB
dc.typeArticles in periodicals and booksen_GB
dc.identifier.doi10.1007/s10614-014-9465-4en_GB
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