Mind the gap! Stylized Dynamic Facts and Structural Models.

Working Paper

Abstract: We study what happens to identified shocks and to dynamic responses when the data generating process features q disturbances but q1

Keywords: Deformation; state variables; dynamic responses; structural models; house price shocks; uncertainty shocks.;

JEL Classification: C32; E27; E32;

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File(s): File format is application/pdf https://www.chicagofed.org/~/media/publications/working-papers/2020/wp2020-29-pdf.pdf
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Provider: Federal Reserve Bank of Chicago

Part of Series: Working Paper Series

Publication Date: 2020-11-13

Number: WP-2020-29