Canova, FabioUniversitat Pompeu Fabra. Departament d'Economia i Empresa2017-07-262017-07-262008-11-01http://hdl.handle.net/10230/19905A method to estimate DSGE models using the raw data is proposed. The approach links the observables to the model counterparts via a flexible specification which does not require the model-based component to be solely located at business cycle frequencies, allows the non model-based component to take various time series patterns, and permits model misspecification. Applying standard data transformations induce biases in structural estimates and distortions in the policy conclusions. The proposed approach recovers important model-based features in selected experimental designs. Two widely discussed issues are used to illustrate its practical use.application/pdfengL'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commonsinfo:eu-repo/semantics/workingPaperdsge modelsfiltersstructural estimationbusiness cyclesMacroeconomics and International Economicsinfo:eu-repo/semantics/openAccess