Dynare Forum
Monthly parameters calibration from quarterly values
Estimation
ML/Bayesian estimation
jpfeifer
January 28, 2023, 8:11pm
2
The habit parameter is akin to an autocorrelation. So when going to monthly data, I would expect something like the third root, i.e. about 0.9 for 0.7 in quarterly data.
You may want to have a look at
Investment adjustment costs in annual frequency
Calibration for annual frequency
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