Results 41 to 50 of about 843 (186)
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. We consider the estimation of linearized DSGE models, the evaluation of models based on Bayesian model checking, posterior odds comparisons, and comparisons to vector autoregressions, as well as the
An, Sungbae, Schorfheide, Frank
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Some Notes on Historical, Theoretical, and Empirical Background of DSGE Models
Review of Economic Perspectives, 2014 In this paper I present the historical, theoretical and empirical background of DSGE models. I show that the fundament of these models lies in optimizing agents framework and argue which impulses fueled the development of DSGE models.
Slanicay Martin
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Monetary Policy, Investor Sentiment and Stock Price Bubble: Evidence From China
Accounting &Finance, EarlyView.ABSTRACT The empirical results indicate that an increase in interest rates may stimulate a significant and persistent stock price bubble, which is consistent with rational asset price bubble theory. This finding suggests that central banks should implement anti‐turbulent monetary policy with caution, since inappropriate tightening may unintentionally ...
Jiahao Gong +3 more
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Handbook on DSGE Models: Some Useful Tips in Modeling a DSGE Models [PDF]
SSRN Electronic Journal, 2015 Despite there are useful books and text books from recognized authors about modeling macroeconomics through various types of methods and methodologies, “Some Useful tips in Modeling a DSGE models” try to add special features through an economist can use to model macro and micro relations to explain different scenarios in an specific economy.
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Optimal Fiscal and Monetary Policy by Applying the Ramsey Problem [PDF]
پژوهشهای اقتصادی, 2018 The aim of this study is to investigate optimal monetary and fiscal policies for the Iranian economy considering Ramsey problem. Using a Dynamic Stochastic General Equilibrium model, the effects of imposing various taxes such as consumption tax, capital
Hussein Marzban +3 more
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Fiscal Policy Multipliers in Small States
Economía, 2021 This paper estimates fiscal policy multipliers for small states using two distinct models: an empirical forecast error model with data from twenty-three small states across the world, and a dynamic stochastic general equilibrium (DSGE) model calibrated ...
Alia Lichi, Ippei Shibata, Kadir Tanyeri
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The Effects of External Macroeconomic Shocks and Uncertainty on Bangladesh's Fiscal Sustainability
Asian-Pacific Economic Literature, EarlyView.ABSTRACT In recent years, Bangladesh has adopted a deficit‐biased fiscal policy, supported by robust GDP growth and relatively low interest rates, capitalizing on its access to concessional financing. However, Bangladesh's graduation to lower‐middle‐income status and its gradual integration into the global economy have exposed the country to external ...
Mohammad Mahabub Alam
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DSGE Models in the Frequency Domain [PDF]
SSRN Electronic Journal, 2012 We exploit well-known features of the frequency domain to estimate a medium-scale DSGE model on different frequency bands. We study whether fit, parameter estimates and forecasting performance depend on the frequency band over which the model is estimated.
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Theoritical Seekings in Macroeconomics
İstanbul İktisat Dergisi, 2020 Dynamics stochastics general equilibrium (DSGE) models are dominant until the 2008 global financial crisis. Although some economists have stated that macroeconomics is a mature science, others believe that macroeconomics that is based on DSGE models has ...
Emre Örün
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How Does Progressivity Affect the Tax Cut Multiplier?
International Economic Review, EarlyView.ABSTRACT How does the targeting of personal income tax cuts affect the output multiplier? This paper provides quantitative evidence using a heterogeneous‐agent New‐Keynesian model calibrated to match US distributions of income, wealth, marginal tax rates, and marginal propensities to consume.
Christian Gillitzer
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