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varobs block

PostPosted: Mon Aug 03, 2015 7:29 am
by mhkarami
Hi
would appreciate if someone could explain (or to point to a study in which it is explained) what is our Criterion for choosing variable in varobs block?
best regards

Re: varobs block

PostPosted: Mon Aug 03, 2015 3:14 pm
by jpfeifer
See Remark 7 (Which Observables for Estimation?) in Pfeifer (2013): "A Guide to Specifying Observation Equations for the Estimation of DSGE Models" at https://sites.google.com/site/pfeiferecon/Pfeifer_2013_Observation_Equations.pdf

Re: varobs block

PostPosted: Tue Aug 04, 2015 5:47 am
by mhkarami
Thank u very much