CFDP 2166R2
Variable Mismeasurement in a Class of DSGE Models: Comment
Author(s):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