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Simulation-Based Estimation Of Dynamic Models With Continuous Equilibrium Solutions

  • Manuel S. Santos

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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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    File URL: http://docubib.uc3m.es/WORKINGPAPERS/WE/we034716.pdf
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    Paper provided by Universidad Carlos III, Departamento de Economía in its series Economics Working Papers 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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