Document Type
Discussion Paper
Publication Date
2-15-2019
CFDP Number
2166R2
CFDP Revision Date
07/20/2020
CFDP Pages
12
Journal of Economic Literature (JEL) Code(s)
E12, E32, E77
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.
Recommended Citation
Fair, Ray C., "Variable Mismeasurement in a Class of DSGE Models: Comment" (2019). Cowles Foundation Discussion Papers. 210.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/210