A NOTE ON GENSYS’ MINIMALITY
Abstract
Gensys’non-minimality is shown analytically and necessary and sufficient conditions for vector autoregression representations of states in outputs are presented.
References
[1] Fernández-Villaverde J., Rubio-Ramírez J., Sargent T., and Watson M. 2007. ABCs (and Ds) of Understanding VARs.American Economic Review 97, 3: 1021-1026. DOI:https://doi.org/10.1257/aer.97.3.1021
[2] Franchi M. 2013. Comment on: Ravenna F. 2007. Vector Autoregressions and Reduced Form Representations of DSGE Models. Journal of Monetary Economics 54, 2048-2064.Dipartimento di Scienze Statistiche Empirical Economics and Econometrics Working Papers Series, DSS-E3 WP 2013/2. https://www.dss.uniroma1.it/RePec/sas/wpaper/20132_Franchi.pdf.
[3] Franchi M., and Paruolo P. 2014. Minimality of State Space Solutions of DSGE Models and Existence Conditions for Their VAR Representation.Computational Economics 46, 4: 613–62. DOI:https://doi.org/10.1007/s10614-014-9465-4
[4] Franchi M., and Vidotto A. 2013. A Check for Finite Order VAR Representations of DSGE Models.Economics Letters 120, 1: 100-103. DOI: https://doi.org/10.1016/j.econlet.2013.04.013
[5] Komunjer I., and Ng S. 2011. Dynamic Identification of Dynamic Stochastic General Equilibrium Models.Econometrica 79, 6: 1995-2032. DOI:https://doi.org/10.3982/ECTA8916
[6] Ravenna F. 2007. Vector Autoregressions and Reduced Form Representations of DSGE Models.Journal of Monetary Economics 54, 7: 2048-2064. DOI:https://doi.org/10.1016/j.jmoneco.2006.09.002
[7] Sims C. 2001. Solving Linear Rational Expectations Models. Computational Economics 20, 1-2: 1-20. DOI:https://doi.org/10.1023/A:1020517101123
[2] Franchi M. 2013. Comment on: Ravenna F. 2007. Vector Autoregressions and Reduced Form Representations of DSGE Models. Journal of Monetary Economics 54, 2048-2064.Dipartimento di Scienze Statistiche Empirical Economics and Econometrics Working Papers Series, DSS-E3 WP 2013/2. https://www.dss.uniroma1.it/RePec/sas/wpaper/20132_Franchi.pdf.
[3] Franchi M., and Paruolo P. 2014. Minimality of State Space Solutions of DSGE Models and Existence Conditions for Their VAR Representation.Computational Economics 46, 4: 613–62. DOI:https://doi.org/10.1007/s10614-014-9465-4
[4] Franchi M., and Vidotto A. 2013. A Check for Finite Order VAR Representations of DSGE Models.Economics Letters 120, 1: 100-103. DOI: https://doi.org/10.1016/j.econlet.2013.04.013
[5] Komunjer I., and Ng S. 2011. Dynamic Identification of Dynamic Stochastic General Equilibrium Models.Econometrica 79, 6: 1995-2032. DOI:https://doi.org/10.3982/ECTA8916
[6] Ravenna F. 2007. Vector Autoregressions and Reduced Form Representations of DSGE Models.Journal of Monetary Economics 54, 7: 2048-2064. DOI:https://doi.org/10.1016/j.jmoneco.2006.09.002
[7] Sims C. 2001. Solving Linear Rational Expectations Models. Computational Economics 20, 1-2: 1-20. DOI:https://doi.org/10.1023/A:1020517101123
Published
2021-06-30
How to Cite
SACCAL, Alessandro.
A NOTE ON GENSYS’ MINIMALITY.
Theoretical and Practical Research in Economic Fields, [S.l.], v. 12, n. 1, p. 57-60, june 2021.
ISSN 2068-7710.
Available at: <https://journals.aserspublishing.eu/tpref/article/view/6223>. Date accessed: 20 apr. 2024.
doi: https://doi.org/10.14505/tpref.v12.1(23).08.
Section
Articles
Non-Exclusive License under Attribution 4.0 International Public License (CC BY 4.0):
This ‘Article’ is distributed under the terms of the license CC-BY 4.0., which lets others distribute, remix, adapt, and build upon this article, even commercially, as long as they credit this article for the original creation. ASERS Publishing will be acknowledged as the first publisher of the Article and a link to the appropriate bibliographic citation (authors, article title, volume issue, page numbers, DOI, and the link to the Published Article on ASERS Publishing’ Platform) must be maintained.