Abstract We explain how to use the composite likelihood function ameliorate estimation, computational and inferential problems in dynamic stochastic general equilibrium models. combine information present different models or data sets estimate parameters common across provide intuition for why methodology works alternative interpretations of estimators we construct statistics employ. a number s...

Present work makes a synthesis of papers cycle in which it were shown new approach to appreciate forces transmission mechanisms and so, we performed the structural groups procedure. This analysis for each group, not mechanism taken as whole. point view enables every used into practice, have third section. Besides this, proposed procedure clarifies some problems, like those regarding containing ...