CFDP 2166R2

Variable Mismeasurement in a Class of DSGE Models: Comment

Author(s): 
Ray C. Fair

Publication Date: February 2019

Revision Date: July 2019July 2020

Pages: 12

Abstract: 

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

See CFDP Version(s): CFDP 2166CFDP 2166R