5 votes

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 ...
tdm's user avatar
  • 10.3k
3 votes

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 ...
Fix.B.'s user avatar
  • 2,648
2 votes

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 ...
IMA's user avatar
  • 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 ...
Walrasian Auctioneer's user avatar
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 ...
keepAlive's user avatar
  • 1,425
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, ...
Alecos Papadopoulos's user avatar

Only top scored, non community-wiki answers of a minimum length are eligible