A NOTE ON GENSYS’ MINIMALITY

  • Alessandro SACCAL Independent Researcher, Italy

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
Published
2021-07-03
How to Cite
SACCAL, Alessandro. A NOTE ON GENSYS’ MINIMALITY. Theoretical and Practical Research in the Economic Fields, [S.l.], v. 12, n. 1, p. 57-60, july 2021. ISSN 2068-7710. Available at: <https://journals.aserspublishing.eu/tpref/article/view/6223>. Date accessed: 23 sep. 2021. doi: https://doi.org/10.14505//tpref.v12.1(23).08.