What is it about?
We propose a bootstrap-based empirical strategy to test for the relevance of timing restrictions and ensuing shock transmission delays in DSGE environments.
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Why is it important?
The paper presents an empirical frequentist viewpoint on monetary DSGE models
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This page is a summary of: Is Time an Illusion? A Bootstrap Likelihood Ratio Test for Shock Transmission Delays in DSGE Models, Computational Economics, June 2024, Springer Science + Business Media,
DOI: 10.1007/s10614-024-10640-2.
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