Essays on implications of structural parameter identification and trend misspecification in DSGE and SVAR frameworks
This thesis consists of three self-contained essays, focusing on the consequences of structural parameter identification and trend misspecifications in DSGE and SVAR frameworks on policy implications. The purpose is to improve our understanding of estimation issues, and to recommend appropriate estimation approaches that econometricians should take to minimise distortion in policy inference. As welfare estimates are sensitive to calibrated and estimated parameter values, significant biases in...[Show more]
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