# Tag Info

Accepted

### What is structural estimation compared to reduced form estimation?

Structural estimation is a term coined by the Cowles commission which at the time seems to have been dominated by Haavelmo, Koopmans and a few others. The motto of the Cowles commission (after 1965) ...
• 1,996
Accepted

### How to get statistics for structural parameters after estimating a reduced form model

It depends$\ldots$ In your setting, the structural parameter $\psi$ is simply $1$ minus the value of the reduced form parameter $\beta$: $$\psi = 1 - \beta.$$ In such case, the mean of the estimator ...
• 8,737

### Convert DSGE paper to structural econometrics, anything to be noted？

There's no correct method to do this. DSGE guys will estimate the model by doing something like this: plugging in priors for their parameters and then running an optimization that minimizes the ...
• 2,590

### Hausman Test for Simultaneous Equations

Generally, price is endogenous in this set of simultaneous equations. One strategy we can use to overcome the bias is to find a valid instrument for price—call it $Z$. We’d need something that ...
• 395

### Structural Modelling of Expectations/Beliefs

Check for example Postel-Vinay and Robin (2002) and references therein to see how people go about structurally modeling the labour market. The general framework is a dynamic one, where the job-search ...
• 176
1 vote

### Binary-continuous choice model in empirical consumer choices

It may not be a 100% match (and the details are a bit fuzzy in my memory), but I believe the model would be similar to Ericson and Pakes (1995). In their model, there are $N$ firms who make sequential ...
• 1,829
1 vote

### Economic Reasoning for Structural change vs Cyclical change

It is not possible ex-ante, it's all about: economic interpretations, i.e., economic schools of thought expectations on central banks' next moves, political/ideological views, the (hidden and/or ...
• 1,395
1 vote

### How do I begin to approach this dynamic discrete choice model?

$b_t$ is the decision variable, and the value function is formulated as a function of the state variable of the problem. In your case, the role of the state variable is played by the $p$ parameter, ...
• 31.8k
1 vote

### Identification with BBL

After searching for a while, this is the best answer I can so far come up with. 1) A formalized argument for why identification could break down under BBL is from Srisuma ('13). He gives two specific ...
• 1,040

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