Abstract
The article outlines the method of simulated moments as a technique for estimating the parameters of dynamic, stochastic general equilibrium macroeconomic models. A detailed description is provided for implementation of the method, and its statistical properties are discussed. A brief comparison with other common estimation methods (calibration, generalized method of moments and maximum likelihood) is presented.
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© 2018 Macmillan Publishers Ltd.
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Ingram, B.F. (2018). Simulation Estimators in Macroeconometrics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2738
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2738
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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