Selecting observables

Dynare help (legacy posts)
1

Hi All
Is there a literature on how to choose observables to estimate DSGE models (say, to resolve parameter identification issues) ?
If so, could you give me a few references?
Thanks
Reuben

2

To my knowledge, there is not much. See Remark 7 (Which Observables for Estimation?) in Pfeifer(2013): “A Guide to Specifying Observation Equations for the Estimation of DSGE Models” sites.google.com/site/pfeiferecon/Pfeifer_2013_Observation_Equations.pdf.

3

Look at this article

onlinelibrary.wiley.com/doi/10.1 … 6/abstract

maybe it can help

Federico

4

@federico That is the article (amongst others) cited in the remark as well

5

Sorry, I didn’t notice.

6

Thanks Federico and Johannes! Very useful.