Results 71 to 80 of about 25,753 (205)
Ten Years Later: Lessons for DSGE Builders and Czech Policy Makers
Review of Economic Perspectives, 2019 We show an example of a small open economy – the Czech Republic – where the fiscal restriction was put in place between 2010 and 2013 in a negative output gap and zero lower bound on nominal interest rates.
Michl Aleš
doaj +1 more source
The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT We examine how labour market institutions shape monetary policy transmission in euro area countries. A theoretical model suggests that higher union density flattens the Phillips curve, amplifying output responses while dampening the inflation effects of monetary shocks. This is empirically confirmed using an interacted panel VAR.
Maximilian Boeck, Christian Glocker
wiley +1 more source
Time dilation of a bound half-fluxon pair in a long Josephson junction with a ferromagnetic insulator [PDF]
, 2007 The fluxon dynamics in a long Josephson junction with a ferromagnetic insulating layer is investigated. It is found that the Josephson phase obeys a double sine-Gordon equation involving a bound pi fluxon solution, and the internal oscillations of the ...
Fujii, Toshiyuki +3 more
core +1 more source
Stochastic Simulation Model for Forecasting Index‐Linked Public Expenditure
Public Budgeting &Finance, EarlyView.Abstract This paper introduces a system dynamics (SD) model for analyzing public sector cost growth, where costs are tied to indices. The SD model isolates the effects of automatic indexation, providing probabilistic projections of expenditure growth. It enables testing of alternative indexation strategies and cost‐reduction measures. Findings show how
Miia Rissanen +2 more
wiley +1 more source
DSGE Models and Central Banks [PDF]
SSRN Electronic Journal, 2008 AbstractOver the past 15 years there has been remarkable progress in the specification and estimation of dynamic stochastic general equilibrium (DSGE) models. Central banks in developed and emerging market economies have become increasingly interested in their usefulness for policy analysis and forecasting. This paper reviews some issues and challenges
openaire +7 more sources
News shocks, consumer confidence and business cycles
Economica, Volume 93, Issue 370, Page 648-676, April 2026.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
Public investment multipliers revisited: the role of production complementarities
Economica, Volume 93, Issue 370, Page 736-756, April 2026.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
Teaching DSGE models to undergraduates
EconomiA, 2018 This paper puts forward a systematic approach to teaching simple dynamic stochastic general equilibrium (DSGE) models to undergraduates. It proceeds in the following way: first, the structural model of the economy, which includes the households’ and ...
Celso J. Costa Junior +1 more
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Information Content of DSGE Forecasts [PDF]
SSRN Electronic Journal, 2018 AbstractThis paper examines the question whether information is contained in forecasts from dynamic stochastic general equilibrium (DSGE) models beyond that contained in lagged values, which are extensively used in the models. Four sets of forecasts are examined. The results are encouraging for DSGE forecasts of real GDP. The results suggest that there
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A Literature Review of Securities Holdings Statistics Research and A Practitioner's Guide
Journal of Economic Surveys, Volume 40, Issue 2, Page 632-658, April 2026.ABSTRACT Granular holdings data containing security‐by‐security portfolio investments features prominently in economics and finance research. One novel source is the granular Securities Holdings Statistics (SHS), managed by the European Central Bank. SHS covers different euro area investors with over 2 billion observations, representing +50 trillion ...
Martijn Boermans
wiley +1 more source