5
votes
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 ...
- 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 ...
- 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 ...
- 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 ...
- 1,869
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 ...
- 1,425
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, ...
- 33.4k
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