Results 151 to 160 of about 843 (186)

The FRBNY DSGE Model [PDF]

SSRN Electronic Journal, 2013
The goal of this paper is to present the dynamic stochastic general equilibrium (DSGE) model developed and used at the Federal Reserve Bank of New York. The paper describes how the model works, how it is estimated, how it rationalizes past history, including the Great Recession, and how it is used for forecasting and policy analysis.
Marco Del Negro, Stefano Eusepi, Marc Giannoni, Argia M. Sbordone, Andrea Tambalotti, Matthew Cocci, Raiden B. Hasegawa, M. Henry Linder   +7 more
openaire   +2 more sources

DSGE-based priors for BVARs and quasi-Bayesian DSGE estimation [PDF]

Econometrics and Statistics, 2020
A new method for estimating Bayesian vector autoregression (VAR) models using priors from a dynamic stochastic general equilibrium (DSGE) model is presented. The DSGE model priors are used to determine the moments of an independent Normal-Wishart prior for the VAR parameters.
Konstantinos Theodoridis
exaly   +4 more sources

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The RPEs of RBCs and other DSGEs

Journal of Economic Dynamics and Control, 2021
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
David Evans, George W. Evans, Bruce McGough   +2 more
openaire   +3 more sources

DSGE Modeling

2015
This chapter discusses how dynamic stochastic general equilibrium (DSGE) models are now widely used by academics to conduct empirical research macroeconomics, as well as by central banks to interpret the current state of the economy, to analyze the impact of changes in monetary or fiscal policy, and to generate predictions for key macroeconomic ...
Edward P. Herbst, Frank Schorfheide
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DSGE pileups

Journal of Economic Dynamics and Control, 2016
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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DSGE priors for BVAR models [PDF]

Empirical Economics, 2014
Similar to Ingram and Whiteman (J Monet Econ 34:497–510, 1994), De Jong et al. (in: Proceedings of the American Statistical Association Bayesian, 1993) and Negro and Schorfheide (Int Econ Rev 45:643–673, 2004) , this study proposes a methodology of constructing dynamic stochastic general equilibrium (DSGE) consistent prior distributions for Bayesian ...
Filippeli, T, Theodoridis, K
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Assessing DSGE model nonlinearities [PDF]

Journal of Economic Dynamics and Control, 2013
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
S. Boragan Aruoba, Luigi Bocola, Frank Schorfheide   +2 more
openaire   +3 more sources

The State of DSGE Modeling

2020
Abstract Dynamic stochastic general equilibrium (DSGE) modeling can be structured around six key criticisms leveled at the approach. The first is fundamental and common to macroeconomics and microeconomics alike—namely, problems with rationality and expected utility maximization (EUM).
openaire   +2 more sources

The Chicago Fed DSGE Model [PDF]

SSRN Electronic Journal, 2012
The Chicago Fed dynamic stochastic general equilibrium (DSGE) model is used for policy analysis and forecasting at the Federal Reserve Bank of Chicago. This article describes its specification and estimation, its dynamic characteristics and how it is used to forecast the US economy.
Scott Brave, Jeffrey R. Campbell, Jonas D. M. Fisher, Alejandro Justiniano   +3 more
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LSM: A DSGE model for Luxembourg

Economic Modelling, 2011
Luxembourg is a small open economy with a set of particular features, including rather limited competition in the domestic goods market, strong union power, and a segmented labour market for resident and non-resident workers. In this paper we develop a medium scale DSGE model that captures these features, calibrate it to mimic the actual behaviour of ...
Szabolcs Deák, Lionel Fontagné, MAFFEZZOLI, MARCO, MARCELLINO, MASSIMILIANO   +3 more
openaire   +4 more sources