Results 51 to 60 of about 29,308 (254)
Macroeconometric Modelling with a Global Perspective [PDF]
, 2006 This paper provides a synthesis and further development of a global modelling approach introduced in Pesaran, Schuermann and Weiner (2004), where country specific models in the form of VARX* structures are estimated relating a vector of domestic ...
M. Hashem Pesaran, Ron Smith
core +3 more sources
News shocks, consumer confidence and business cycles
Economica, EarlyView.Abstract We study the causal effects of consumer sentiment shocks on macroeconomic aggregates. By constructing a novel instrument based on major non‐economic news shocks in the USA over 1969–2022, and opinion polls around these events, we identify exogenous changes in consumer confidence.
Syed M. Hussain, Zara Liaqat
wiley +1 more source
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
doaj +1 more source
Model Validation and DSGE Modeling
Econometrics, 2022 The primary objective of this paper is to revisit DSGE models with a view to bringing out their key weaknesses, including statistical misspecification, non-identification of deep parameters, substantive inadequacy, weak forecasting performance, and ...
Niraj Poudyal, Aris Spanos
doaj +1 more source
Public investment multipliers revisited: the role of production complementarities
Economica, EarlyView.Abstract This paper revisits the issue of the public investment multiplier through the lens of complementarity or substitutability between private inputs and public infrastructure capital. Our main result is that public investment multipliers are much larger than in the literature when private inputs and public capital are good complements relative to ...
Vasiliki Dimakopoulou +2 more
wiley +1 more source
On the internal modes in sine-Gordon chain
, 2004 We address the issue of internal modes of a kink of a discrete sine-Gordon equation. The main point of the present study is to elucidate how the antisymmetric internal mode frequency dependence enters the quasicontinuum spectrum of nonlocalized waves. We
A. M. Kosevich +6 more
core +1 more source
Can Central Bank Digital Currencies Promote the Internationalization of Currencies?
European Financial Management, EarlyView.ABSTRACT Using multinational data (2000–2023), this study employed system GMM and fixed‐effects models to examine CBDC's impact on currency internationalization through a framework measuring ‘market acceptance’ and ‘policy drive.’ The results indicated that CBDC advancement significantly promotes currency internationalization.
Haodong Gu
wiley +1 more source
Macroeconomic Modeling of Tax Policy: A Comparison of Current Methodologies [PDF]
, 2017 The macroeconomic effects of tax reform are a subject of significant discussion and controversy. In 2015, the House of Representatives adopted a new “dynamic scoring” rule requiring a point estimate within the budget window of the deficit effect due to ...
Auerbach, Alan J. +9 more
core +2 more sources
Data revisions and DSGE models [PDF]
Journal of Econometrics, 2014 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire +2 more sources
The Impact of Fiscal Dominance on Inflation Rate in Iran Using a Dynamic Stochastic General Equilibrium Model [PDF]
پژوهشهای اقتصادی, 2014 In this paper, we design a Dynamic Stochastic General Equilibrium (DSGE) model to investigate effects of fiscal dominance on inflation rate in Iran and solve it by calibration method. In order to getting reliable results, the second-order moments of main
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