Sensitivity to Calibrated Parameters

Abstract A common approach to estimation of dynamic economic models is calibrate a subset model parameters and keep them fixed when estimating the remaining parameters. Calibrated likely affect conclusions based on model, but time often makes systematic investigation sensitivity calibrated infeasible. I propose simple computationally low-cost measure other objects interest In main empirical application, revisit analysis life-cycle savings motives in Gourinchas Parker (2002) show that some estimates are sensitive calibrations.