Slide 1 Slide 2 Motivation Hard to believe that productivity shocks drive the whole cycle We want to know their importance relative to demand shocks Slide 3 A traditional…
Slide 1 Introduction to Kalman Filter and SLAM Ting-Wei Hsu 08/10/30 Slide 2 What is Kalman Filter? (cont.) Slide 3 What’s used for ? Tracking missiles Tracking…
Slide 1 Identification of the short-run structure The identified cointegration relations are kept fixed at their previously estimated values An identified structure should…