Before revision:  An important concern with SMM, which matches sample with simulated moments, is that a parametric distribution is required but economic quantities that depend on this distribution, such as welfare and asset-prices, can be sensitive to misspecification.
After revision:  An important concern with SMM, which matches sample with simulated moments, is that a parametric distribution is required . However, economic quantities that depend on this distribution, such as welfare and asset-prices, can be sensitive to misspecification.