Meenagh, David ORCID: https://orcid.org/0000-0002-9930-7947, Minford, Patrick and Wickens, Michael ORCID: https://orcid.org/0000-0002-6862-0674 2012. Testing macroeconomic models by indirect inference on unfiltered data. [Working Paper]. Cardiff Economics Working Papers, Cardiff: Cardiff University. |
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Abstract
We extend the method of indirect inference testing to data that is not filtered and so may be non-stationary. We apply the method to an open economy real businss cycle model on UK data. We review the method using a Monte Carlo experiment and find that it performs accurately and has good power.
Item Type: | Monograph (Working Paper) |
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Date Type: | Publication |
Status: | Published |
Schools: | Business (Including Economics) |
Subjects: | H Social Sciences > HB Economic Theory |
Publisher: | Cardiff University |
Date of First Compliant Deposit: | 30 March 2016 |
Last Modified: | 28 Oct 2022 10:21 |
URI: | https://orca.cardiff.ac.uk/id/eprint/77940 |
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