Results 131 to 140 of about 37,604 (320)
Non-uniqueness of deep parameters and shocks in estimated DSGE models: a health warning [PDF]
, 2012 Estimation of dynamic stochastic general equilibrium (DSGE)models using state space methods implies vector autoregressive moving average (VARMA)representations of the observables.
Wright, Stephen
core +1 more source
Macroeconomic impacts of fiscal policy shocks in the UK: A DSGE analysis☆
, 2017 This paper develops and estimates a new-Keynesian dynamic stochastic general equilibrium (DSGE) model for the analysis of fiscal policy in the UK. We find that government consumption and investment yield the highest GDP multipliers in the short-run ...
K. Bhattarai, Dawid Trzeciakiewicz
semanticscholar +1 more source
Trend Inflation and the Costs of Price Dispersion in a Fiscal DSGE Model
South African Journal of Economics, Volume 94, Issue 3, September 2026.ABSTRACT Most inflation‐targeting frameworks allow for a positive trend inflation rate, yet its optimal level remains uncertain. The extended deliberation in South Africa to move from a 3%–6% target band to a 3% target (with a 1% tolerance band) illustrates this tension.
Clinton Joel, Hylton Hollander
wiley +1 more source
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
Monetary–Fiscal Coordination in South Africa: Aligning the Stars
South African Journal of Economics, Volume 94, Issue 3, September 2026.ABSTRACT Monetary–fiscal policy tensions build‐up when debt is rising and inflation is falling. We introduce the concept of a fiscal‐neutral rate (fiscal r‐star) into a two‐agent new Keynesian dynamic stochastic general equilibrium model estimated with South African data.
Roy Havemann, Hylton Hollander
wiley +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
Does Money Matter for the Identification of Monetary Policy Shocks: A DSGE Perspective. [PDF]
This paper investigates how the identification assumptions of monetary policy shocks modify the inference in a standard DSGE model. Considering SVAR models in which either the interest rate is predetermined for money or these two monetary variables are ...
Céline Poilly
core
Evaluating Historical Episodes using Shock Decompositions in the DSGE Model [PDF]
, 2020 We present alternative methods for calculating and interpreting the influence of exogenous shocks on historical episodes within the context of DSGE models.
Aligishiev, Z. +2 more
core
Metroeconomica, Volume 77, Issue 2, Page 191-205, May 2026.ABSTRACT This paper examines the complex relationship between government debt and income distribution within a post‐Keynesian framework. Extending the model of You and Dutt (1996), we model both capitalists and workers as holders of government bonds, enabling a more nuanced analysis of income distribution dynamics.
Hagen M. Krämer +2 more
wiley +1 more source
Economia Aplicada, 2018 O trabalho busca analisar a transmissão dos choques no spread de crédito bancário para as demais variáveis da economia e suas implicações para a condução da política monetária no Brasil. Para isso, foi estimado um modelo DSGE com fricções financeiras.
André Francisco Nunes de Nunes +1 more
doaj +1 more source