Results 11 to 20 of about 37,604 (320)
Journal of Economic Perspectives, 2018 The outcome of any important macroeconomic policy change is the net effect of forces operating on different parts of the economy. A central challenge facing policymakers is how to assess the relative strength of those forces.
L. Christiano +2 more
semanticscholar +3 more sources
Beyond the DSGE Straitjacket [PDF]
SSRN Electronic Journal, 2011 Academic macroeconomics and the research department of central banks have come to be dominated by Dynamic, Stochastic, General Equilibrium (DSGE) models based on micro-foundations of optimising representative agents with rational expectations.
Pesaran, M Hashem, Smith, Ron P
core +9 more sources
Bayesian Analysis of DSGE Models [PDF]
SSRN Electronic Journal, 2006 This paper reviews Bayesian methods that have been developed in recent years to estimate and evaluate dynamic stochastic general equilibrium (DSGE) models.
S. An, Frank Schorfheide
semanticscholar +5 more sources
The Econometrics of DSGE Models [PDF]
SSRN Electronic Journal, 2009 In this paper, I review the literature on the formulation and estimation of dynamic stochastic general equilibrium (DSGE) models with a special emphasis on Bayesian methods.
Jesús Fernández-Villaverde
core +7 more sources
Potential Output in DSGE Models [PDF]
SSRN Electronic Journal, 2011 In view of the increasing use of Dynamic Stochastic General Equilibrium (DSGE) models in the macroeconomic projections and the policy process, this paper examines, both conceptually and empirically, alternative notions of potential output within DSGE ...
Henrik Kucsera +4 more
core +9 more sources
Testing policy effectiveness during COVID-19: An NK-DSGE analysis. [PDF]
J Asian Econ, 2023 We examine the effectiveness of fiscal and monetary policy in mitigating the impact of COVID-19 in India using the NK-DSGE framework. In terms of policy effectiveness, our findings imply that expansionary monetary policy is effective in reviving economic
Shah SA, Garg B.
europepmc +2 more sources
The macroeconomic impacts of the COVID-19 pandemic: A SIR-DSGE model approach. [PDF]
China Econ Rev, 2022 This paper proposes a susceptible-infected-removed dynamic stochastic general equilibrium (SIR-DSGE) model to assess the macroeconomic impact of the recent COVID-19 outbreak. The parameters of the SIR setting are calibrated to COVID-19 data from China.
Chan YT.
europepmc +2 more sources
Economies, 2022 Facing the current complicated situation of the COVID-19 pandemic, in addition to medical efforts on disease prevention and treatment, governments of countries also have to come up with solutions to deal with the negative impacts of the pandemic on the ...
T. Nguyen +3 more
semanticscholar +1 more source
Predictive Likelihood Comparisons with DSGE and DSGE-VAR Models [PDF]
SSRN Electronic Journal, 2013 This paper shows how to compute the h-step-ahead predictive likelihood for any subset of the observed variables in parametric discrete time series models estimated with Bayesian methods. The subset of variables may vary across forecast horizons and the problem thereby covers marginal and joint predictive likelihoods for a fixed subset as special cases.
Warne, Anders +2 more
openaire +3 more sources
The Macroeconomic Effects of an Interest-Bearing CBDC: A DSGE Model
Mathematics, 2022 We develop a medium size dynamic stochastic general equilibrium (DSGE) model to assess the macroeconomic consequences of introducing an interest-bearing central bank digital currency (CBDC), an electronic alternative of payment with public use properties
Ferry Syarifuddin, T. Bakhtiar
semanticscholar +1 more source