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Testing macroeconomic models by indirect inference on unfiltered data

Meenagh, David ORCID:, Minford, Patrick and Wickens, Michael ORCID: 2012. Testing macroeconomic models by indirect inference on unfiltered data. [Working Paper]. Cardiff Economics Working Papers, Cardiff: Cardiff University.

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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)
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

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