{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,9,21]],"date-time":"2026-09-21T03:58:43Z","timestamp":1789963123600,"version":"4.0.1"},"reference-count":42,"publisher":"Wiley","issue":"7","license":[{"start":{"date-parts":[[2019,9,2]],"date-time":"2019-09-02T00:00:00Z","timestamp":1567382400000},"content-version":"vor","delay-in-days":0,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":["onlinelibrary.wiley.com"],"crossmark-restriction":true},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[2019,11]]},"abstract":"<jats:title>Summary<\/jats:title><jats:p>Applied researchers interested in estimating key parameters of dynamic stochastic general equilibrium models face an array of choices regarding numerical solution and estimation methods. We focus on the likelihood evaluation of models with occasionally binding constraints. We document how solution approximation errors and likelihood misspecification, related to the treatment of measurement errors, can interact and compound each other.<\/jats:p>","DOI":"10.1002\/jae.2729","type":"journal-article","created":{"date-parts":[[2019,7,16]],"date-time":"2019-07-16T04:10:10Z","timestamp":1563250210000},"page":"1073-1085","update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":28,"title":["Likelihood evaluation of models with occasionally binding constraints"],"prefix":"10.1002","volume":"34","author":[{"given":"Pablo","family":"Cuba\u2010Borda","sequence":"first","affiliation":[{"name":"Federal Reserve Board  Washington District of Columbia United States"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Luca","family":"Guerrieri","sequence":"additional","affiliation":[{"name":"Federal Reserve Board  Washington District of Columbia United States"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Matteo","family":"Iacoviello","sequence":"additional","affiliation":[{"name":"Federal Reserve Board  Washington District of Columbia United States"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Molin","family":"Zhong","sequence":"additional","affiliation":[{"name":"Federal Reserve Board  Washington District of Columbia United States"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2019,9,2]]},"reference":[{"key":"e_1_2_8_2_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jedc.2011.08.003"},{"key":"e_1_2_8_3_1","doi-asserted-by":"publisher","DOI":"10.1016\/0165-1765(85)90211-3"},{"key":"e_1_2_8_4_1","doi-asserted-by":"publisher","DOI":"10.1002\/jae.2282"},{"key":"e_1_2_8_5_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-9868.2009.00736.x"},{"key":"e_1_2_8_6_1","doi-asserted-by":"publisher","DOI":"10.1093\/restud\/rdx027"},{"key":"e_1_2_8_7_1","doi-asserted-by":"crossref","unstructured":"Atkinson T. Richter A. &Throckmorton N.(2019).The zero lower bound and estimation accuracy. (Technical report).Dallas TX: Federal Reserve Bank of Dallas.","DOI":"10.24149\/wp1804r1"},{"key":"e_1_2_8_8_1","doi-asserted-by":"publisher","DOI":"10.1086\/686734"},{"key":"e_1_2_8_9_1","doi-asserted-by":"publisher","DOI":"10.1057\/9780230244405_2"},{"key":"e_1_2_8_10_1","doi-asserted-by":"publisher","DOI":"10.1002\/jae.2414"},{"key":"e_1_2_8_11_1","unstructured":"Canova F. Ferroni F. &Matthes C.(2018).Detecting and analyzing the effects of time\u2010varying parameters in dsge models. (Technical Report).Helsinki: Bank of Finland."},{"key":"e_1_2_8_12_1","doi-asserted-by":"publisher","DOI":"10.1257\/jep.15.3.23"},{"key":"e_1_2_8_13_1","unstructured":"Cuba\u2010Borda P.(2014).What explains the great recession and the slow recovery?(Working Paper).College Park MD: University of Maryland."},{"key":"e_1_2_8_14_1","doi-asserted-by":"publisher","DOI":"10.1093\/0198288247.001.0001"},{"key":"e_1_2_8_15_1","doi-asserted-by":"publisher","DOI":"10.2307\/1912057"},{"key":"e_1_2_8_16_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jet.2009.05.004"},{"key":"e_1_2_8_17_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jeconom.2014.08.010"},{"key":"e_1_2_8_18_1","doi-asserted-by":"publisher","DOI":"10.1002\/jae.814"},{"key":"e_1_2_8_19_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-937X.2007.00437.x"},{"key":"e_1_2_8_20_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1468-0262.2006.00650.x"},{"key":"e_1_2_8_21_1","doi-asserted-by":"publisher","DOI":"10.3386\/w21862"},{"key":"e_1_2_8_22_1","doi-asserted-by":"publisher","DOI":"10.1017\/S0266466610000599"},{"key":"e_1_2_8_23_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jmoneco.2014.08.005"},{"key":"e_1_2_8_24_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jmoneco.2017.06.004"},{"key":"e_1_2_8_25_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.20121437"},{"key":"e_1_2_8_26_1","doi-asserted-by":"publisher","DOI":"10.1515\/9780691218632"},{"key":"e_1_2_8_27_1","doi-asserted-by":"publisher","DOI":"10.1257\/jep.15.4.57"},{"key":"e_1_2_8_28_1","doi-asserted-by":"publisher","DOI":"10.1093\/restud\/rdr036"},{"key":"e_1_2_8_29_1","doi-asserted-by":"publisher","DOI":"10.1515\/9781400873739"},{"key":"e_1_2_8_30_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jeconom.2018.11.003"},{"key":"e_1_2_8_31_1","doi-asserted-by":"publisher","DOI":"10.1016\/0022-0531(92)90061-L"},{"key":"e_1_2_8_32_1","volume-title":"Numerical methods in economics","author":"Judd K. L.","year":"1998"},{"key":"e_1_2_8_33_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.98.3.604"},{"key":"e_1_2_8_34_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1538-4616.2007.00055.x"},{"key":"e_1_2_8_35_1","doi-asserted-by":"publisher","DOI":"10.1007\/s10614-013-9418-3"},{"key":"e_1_2_8_36_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.econlet.2017.08.027"},{"key":"e_1_2_8_37_1","doi-asserted-by":"publisher","DOI":"10.1002\/jae.2527"},{"key":"e_1_2_8_38_1","volume-title":"Recursive macroeconomic theory","author":"Ljungqvist L.","year":"2004"},{"key":"e_1_2_8_39_1","volume-title":"Recursive macroeconomic theory","author":"Ljungqvist L.","year":"2012"},{"key":"e_1_2_8_40_1","doi-asserted-by":"publisher","DOI":"10.1257\/000282806777211676"},{"key":"e_1_2_8_41_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jedc.2012.01.008"},{"key":"e_1_2_8_42_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.97.3.586"},{"key":"e_1_2_8_43_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jmoneco.2012.09.002"}],"container-title":["Journal of Applied Econometrics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.2729","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.2729","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/full-xml\/10.1002\/jae.2729","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.2729","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,9,7]],"date-time":"2023-09-07T10:14:21Z","timestamp":1694081661000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/jae.2729"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2019,9,2]]},"references-count":42,"journal-issue":{"issue":"7","published-print":{"date-parts":[[2019,11]]}},"alternative-id":["10.1002\/jae.2729"],"URL":"https:\/\/doi.org\/10.1002\/jae.2729","archive":["Portico"],"relation":{},"ISSN":["0883-7252","1099-1255"],"issn-type":[{"value":"0883-7252","type":"print"},{"value":"1099-1255","type":"electronic"}],"subject":[],"published":{"date-parts":[[2019,9,2]]},"assertion":[{"value":"2017-12-30","order":0,"name":"received","label":"Received","group":{"name":"publication_history","label":"Publication History"}},{"value":"2019-05-01","order":1,"name":"accepted","label":"Accepted","group":{"name":"publication_history","label":"Publication History"}},{"value":"2019-09-02","order":2,"name":"published","label":"Published","group":{"name":"publication_history","label":"Publication History"}}]}}