Simulation-based estimation of dynamic models with continuous equilibrium solutions

• Autores: Manuel S. Santos
• Localización: Documentos de trabajo. Economic series ( Universidad Carlos III. Departamento de Economía ), Nº. 47, 2003
• Idioma: inglés
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• Resumen

  • This paper presents several results on consistency properties of simulation-based estimators for a general class of dynamic models with continuous laws of motion. The consistency of these estimators follows from a uniform convergence property of the model's sample paths over the vector of parameters. This convergence property is established under either contractivity or monotonicity conditions on the dynamics of the system.