@Article{CBGIZ2019,
author={Pablo Cuba‚ÄźBorda and Luca Guerrieri and Matteo Iacoviello and Molin Zhong},
title={{Likelihood evaluation of models with occasionally binding constraints}},
journal={Journal of Applied Econometrics},
year=2019,
volume={34},
number={7},
pages={1073-1085},
month={November},
doi={10.1002/jae.2729},
abstract={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.}