Hi, I am wondering if there is any theorem or principle to support the estimation of DSGE. It’s great to run a code and get some feedback, but still need to calibrate the parameters if I want to get something different. And again if I want to add new structure on old one. More likely to be blackbox for me instead of rigorous programming(although it is).
My question is if any theorem to help us brief or control the final result like math subject in a very basic structure? For example, it’s fantastic to have a principle in RBC model can tell us the final results given the parameters. Then we can develop to more sophisticated one without loss of readability.
Thank you for your reply!
Sorry, but I don’t understand what your question is.