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Simulation-based estimation of dynamic models with continuous equilibrium solutions

  • Santos, Manuel S.
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    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.

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    Paper provided by Universidad Carlos III de Madrid. Departamento de Economía in its series UC3M Working papers. Economics with number we034716.

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    Date of creation: Oct 2003
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    Handle: RePEc:cte:werepe:we034716
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