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Indeterminacy in Lubik JME

PostPosted: Thu Jul 14, 2011 5:02 am
by rockybalboa
Hi people, I'm trying to replicate small open DSGE model in Lubik and Schorfheide 2007. After I've done this work I started to doubt that the economy might have been driven by sun spot shocks before some period. I'm aware that threshold for determinacy and indeterminacy region can depend on the response to the nominal exchange rate movement. Does anyone know how to implement estimation under indeterminacy region of parameter space? Or does anyone have mod file of Lubik and Schorfheide (2004) Testing for indeterminacy? I've been looking for some threads on this topic but I couldn't find it.
Can anyone help me?

Thanks in advance.

Re: Indeterminacy in Lubik JME

PostPosted: Tue Mar 07, 2017 1:19 am
by DW916
Hi,

Do you have the original data of Lubik and Schofheide 2007?

Thanks a lot.

Re: Indeterminacy in Lubik JME

PostPosted: Tue Mar 07, 2017 12:00 pm
by jpfeifer