Results 21 to 30 of about 834 (189)

Bootstrapping DSGE Models [PDF]

SSRN Electronic Journal, 2016
This paper explores the potential of bootstrap methods in the empirical evalu- ation of dynamic stochastic general equilibrium (DSGE) models and, more generally, in linear rational expectations models featuring unobservable (latent) components. We consider two dimensions. First, we provide mild regularity conditions that suffice for the bootstrap Quasi-
Angelini, Giovanni, Cavaliere, Giuseppe, Fanelli, Luca   +2 more
openaire   +2 more sources

On DSGE Models [PDF]

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. Economists have a range of tools that can be used to make such assessments.
Lawrence Christiano, Martin Eichenbaum, Mathias Trabandt   +2 more
openaire   +2 more sources

A DSGE model of China [PDF]

Applied Economics, 2015
We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping’s reforms up until the crisis period. Bayesian ranking methods are heavily influenced by controversial priors on the degree of price/wage rigidity.
Dai, Li, Minford, Patrick, Zhou, Peng
openaire   +7 more sources

Monetary and Macroprudential Policy and Welfare in an Estimated Four‐Agent New Keynesian Model

Journal of Money, Credit and Banking, EarlyView., 2023
Abstract We examine the social and agent‐specific welfare effects of monetary and macroprudential policy in a four‐agent estimated macro‐economic model comprising “banked simple households,” “underbanked simple households,” “firm owners,” and “bank owners.” Optimal capital requirement and loan loss provisions ratios improve all agent‐specific and ...
GEORGE J. BRATSIOTIS, KASUN D. PATHIRAGE
wiley   +1 more source

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. First, I discuss the evolution of DSGE models over the last couple of decades.
openaire   +7 more sources

On Identification of Bayesian DSGE Models [PDF]

Journal of Business & Economic Statistics, 2011
In recent years there has been increasing concern about the identification of parameters in dynamic stochastic general equilibrium (DSGE) models. Given the structure of DSGE models it may be difficult to determine whether a parameter is identified.
Koop, Gary, Pesaran, M. Hashem, Smith, Ron   +2 more
openaire   +10 more sources

Some notes on problematic issues in DSGE models [PDF]

Ekonomski Anali, 2016
We review some of the problematic issues in DSGE models, which are currently much discussed in the economics profession. All of these issues are concerned with the DSGE models’ (in)ability to match aspects of macroeconomic variables’ observed ...
Slanicay Martin, Čapek Jan, Hloušek Miroslav   +2 more
doaj   +1 more source

Assessing Brazilian macroeconomic dynamics using a Markov-switching DSGE model

EconomiA, 2016
The goal of this paper is to evaluate the behavior of the main parameters of the Brazilian economy through the estimation of an open-economy dynamic stochastic general equilibrium (DSGE) model using Bayesian methods and allowing for Markov switching of ...
Caio César Soares Gonçalves, Marcelo Savino Portugal, Edilean Kleber da Silva Bejarano Aragón   +2 more
doaj   +1 more source

MODELOS DSGE NA TEORIA ECONÔMICA: UMA ABORDAGEM BIBLIOMÉTRICA [PDF]

Revista de Economia Contemporânea
RESUMO: O artigo estuda os modelos Dinâmico de Equilíbrio Geral Estocástico (DSGE) desde sua origem até 2016, tendo como objetivos mostrar a evolução da quantidade de publicações sobre DSGE, os artigos mais citados, os periódicos que mais publicam e os ...
Bruno Roberto Dammski, Luciano Luiz Manarin D’Agostini   +1 more
doaj   +1 more source

The Consequences of Ignoring the Non-Ricardian Households in the Ramsey Optimal Monetary Policy and Macroeconomic Variables (In the Form of DSGE Model) [PDF]

پژوهشهای اقتصادی, 2022
The purpose of this study is to investigate the impact of adding a non-Ricardian household to a DSGE model in choosing the Ramsey optimal monetary policy and consequently the effects on macroeconomic variables (such as output gap, consumption gap ...
Mohammadjavad Khosrosereshki, Reza Najarzadeh, hassan heydari   +2 more
doaj