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https://doi.org/10.3386/w2495...
Report
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https://doi.org/10.3386/w2495...
Report . 1988
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https://dx.doi.org/10.3386/w24...
Other literature type
Data sources: Microsoft Academic Graph
https://dx.doi.org/10.3386/w24...
Other literature type
Data sources: Microsoft Academic Graph
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VAR Models as Structural Approximations

descriptionPublicationkeyboard_double_arrow_right Report , Other literature type 01 Jan 1988Publisher:National Bureau of Economic Research
Authors: Ray Fair;

doi: 10.3386/w2495

VAR Models as Structural Approximations

Abstract

This paper presents a way of estimating how accurate VAR models are likely to be for answering structural questions. Data are generated from a dynamic deterministic solution of a structural model; a VAR model is estimated using a subset of these data; and the properties of the VAR model are compared to the properties of the structural model. This procedure has the advantage of eliminating the effects of error terms, since the data are generated from a deterministic simulation. The results show that the VAR models do not seem to be good structural approximations.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Average
Average
Average
bronze