Results 41 to 50 of about 37,604 (320)
Does social capital explain the Solow residual? A DSGE approach
, 2021 Social capital has been credited with playing a role in many desirable economic outcomes. We analyze how these potentially beneficial effects translate into the macro-performance of economies by developing a dynamic stochastic general equilibrium (DSGE ...
A. Argentiero +2 more
semanticscholar +1 more source
Stochastic volatility and DSGE models [PDF]
Economics Letters, 2009 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire +4 more sources
DSGE Model-Based Forecasting [PDF]
SSRN Electronic Journal, 2012 Abstract Dynamic stochastic general equilibrium (DSGE) models use modern macroeconomic theory to explain and predict comovements of aggregate time series over the business cycle and to perform policy analysis. We explain how to use DSGE models for all three purposes – forecasting, story-telling, and policy experiments – and review their forecasting ...
Marco Del Negro, Frank Schorfheide
openaire +3 more sources
, 2020 This paper compares the distributional effects of conventional monetary policy and quantitative easing (QE) within an estimated open-economy DSGE model of the euro area.
Stefan Hohberger +2 more
semanticscholar +1 more source
Estimating DSGE Models: Recent Advances and Future Challenges
Annual Review of Economics, 2020 We review the current state of the estimation of dynamic stochastic general equilibrium (DSGE) models. After introducing a general framework for dealing with DSGE models, the state-space representation, we discuss how to evaluate moments or the ...
Jesús Fernández-Villaverde +1 more
semanticscholar +1 more source
On the statistical identification of DSGE models [PDF]
Journal of Econometrics, 2009 Dynamic Stochastic General Equilibrium (DSGE) models are now considered attractive by the profession not only from the theoretical perspective but also from an empirical standpoint. As a consequence of this development, methods for diagnosing the fit of these models are being proposed and implemented.
Consolo, Agostino. +2 more
openaire +5 more sources
An evaluation of the forecast performance of DSGE and VAR Models: The case of a developing country
Business Review, 2019 This paper estimates a DSGE model and three versions of VAR models (VARX, BVARX and BVAR) to analyze forecasting performance of these models in context of Pakistan.
Shahzad Ahmad, Adnan Haider
doaj +1 more source
Towards an effective fiscal stimulus: Evidence from Botswana
Cogent Economics & Finance, 2020 While there is a general agreement on the effectiveness of fiscal stimulus, there is no consensus on which stimulus is better. To address this concern, this paper uses a Dynamic Stochastic General Equilibrium (DSGE) model to propose a fiscal stimulus ...
Sayed O. M. Timuno, Joel Hinaunye Eita
doaj +1 more source
Bayesian Estimation of DSGE Models [PDF]
SSRN Electronic Journal, 2012 We survey Bayesian methods for estimating dynamic stochastic general equilibrium (DSGE) models in this article. We focus on New Keynesian (NK) DSGE models because of the interest shown in this class of models by economists in academic and policy-making institutions.
Pablo A Guerron-Quintana, James M Nason
openaire +3 more sources
DSGE Models and the Lucas Critique [PDF]
SSRN Electronic Journal, 2013 Abstract Modern DSGE models are microfounded and have deep parameters that should be invariant to changes in economic policy, so in principle they are not subject to the Lucas critique. But the literature has already established that misspecification issues also cause parameter instability after policy changes in DSGE models.
openaire +1 more source