Results 91 to 100 of about 25,753 (205)

A Markov-Switching DSGE model for measuring the output gap in Brazil

Latin American Journal of Central Banking
The output gap, while inherently unobservable, plays a pivotal role in informing policymakers due to its significant implications for forecasting inflation rates and understanding the mechanisms of monetary policy transmission.
Eleonora de Oliveira, Andreza A. Palma, Marcelo S. Portugal   +2 more
doaj   +1 more source

Monetary policy analysis with potentially misspecified models [PDF]

The paper proposes a novel method for conducting policy analysis with potentially misspecified dynamic stochastic general equilibrium (DSGE) models and applies it to a New Keynesian DSGE model along the lines of Christiano, Eichenbaum, and Evans (JPE ...
Frank Schorfheide, Marco Del Negro
core  

Confronting Model Misspecification in Macroeconomics [PDF]

We estimate a Markov-switching mixture of two familiar macroeconomic models: a richly parameterized DSGE model and a corresponding BVAR model. We show that the Markov-switching mixture model dominates both individual models and improves the fit ...
Daniel F. Waggoner, Tao Zha
core  

Estimation of quasi-rational DSGE monetary models [PDF]

This paper proposes the estimation of small-scale dynamic stochastic general equilibrium (DSGE) monetary models under the quasi-rational expectations (QRE) hypothesis.
Luca Fanelli
core  

Macroeconomic Modeling of Tax Policy: A Comparison of Current Methodologies [PDF]

, 2017
The macroeconomic effects of tax reform are a subject of significant discussion and controversy. In 2015, the House of Representatives adopted a new “dynamic scoring” rule requiring a point estimate within the budget window of the deficit effect due to ...
Auerbach, Alan J., Barthold, Thomas A., Bull, Nicholas, Elkins, W. Gavin, Grinberg, Itai, Moomau, Pamela J., Moore, Rachel, Page, Benjamin, Pecoraro, Brandon, Pomerleau, Kyle   +9 more
core   +2 more sources

INTERNALISASI SEKTOR PERBANKAN DALAM MODEL DSGE

Buletin Ekonomi Moneter dan Perbankan, 2014
We build DSGE model for small open economy with financial friction in the form of collateral constrain on banking sector, designed for Indonesian economy.
Harmanta Harmanta, Nur M. Adhi Purwanto, Fajar Oktiyanto Oktiyanto   +2 more
doaj   +1 more source

The new keynesian approach to dynamic general equilibrium modeling: models, methods, and macroeconomic policy evaluation [PDF]

, 2012
This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models.
Schmidt, Sebastian, Wieland, Volker
core  

Evaluating quantitative easing: a DSGE approach [PDF]

International Journal of Monetary Economics and Finance, 2014
This paper develops a simple Dynamic Stochastic General Equilibrium (DSGE) model capable of evaluating the effect of large purchases of treasuries by central banks. The model exhibits imperfect asset substitutability between government bonds of different maturities and a feedback from the term structure to the macroeconomy.
openaire   +3 more sources

Evaluating point and density forecasts of DSGE models : [Version 13 März 2012] [PDF]

, 2012
This paper investigates the accuracy of point and density forecasts of four DSGE models for inflation, output growth and the federal funds rate. Model parameters are estimated and forecasts are derived successively from historical U.S.
Wolters, Maik Hendrik
core  

DSGE Models in the Frequency Domain [PDF]

SSRN Electronic Journal, 2012
We exploit well-known features of the frequency domain to estimate a medium-scale DSGE model on different frequency bands. We study whether fit, parameter estimates and forecasting performance depend on the frequency band over which the model is estimated.
openaire   +1 more source