Publication Date: February 2019
Revision Date: July 2019July 2020
This comment points out mismeasurement of variables in the DSGE model in Smets and Wouters (2007) and in models that follow the Smets-Wouters measurement procedures. The mismeasurement errors appear to be large.
Keywords: DSGE models, Macro data
JEL Classification Codes: E12, E32, E77
JEL Classification Codes: E12E32