Results 71 to 80 of about 37,604 (320)
Estimating Structural Shocks with the GVAR-DSGE Model: Pre- and Post-Pandemic
Mathematics, 2022 This paper investigates the possibility of using the global VAR (GVAR) model to estimate a simple New Keynesian DSGE-type multi-country model. The long-run forecasts from an estimated GVAR model were used to calculate the steady-states of macro variables
Chunyeung Kwok
doaj +1 more source
Evaluating point and density forecasts of DSGE models : [Version 13 März 2012] [PDF]
, 2012 This paper investigates the accuracy of point and density forecasts of four DSGE models for inflation, output growth and the federal funds rate. Model parameters are estimated and forecasts are derived successively from historical U.S.
Wolters, Maik Hendrik
core
DSGE Forecasts of the Lost Recovery [PDF]
SSRN Electronic Journal, 2018 The years following the Great Recession were challenging for forecasters. Unlike other deep downturns, this recession was not followed by a swift recovery, but generated a sizable and persistent output gap that was not accompanied by deflation as a traditional Phillips curve relationship would have predicted.
Cai, Michael +5 more
openaire +2 more sources
Supply Chain Diversification and Industrial Policies to Strengthen Economic Security
Asian Economic Policy Review, EarlyView.ABSTRACT Recently, global supply chains have been disrupted because of geopolitical factors and industrial policies induced by national security concerns. Under these circumstances, creating supply chain resilience and strengthening economic security are of great interest to researchers, policymakers, and business people.
Yasuyuki Todo
wiley +1 more source
On the fit and forecasting performance of New-Keynesian models [PDF]
The paper provides new tools for the evaluation of DSGE models, and applies it to a large-scale New Keynesian dynamic stochastic general equilibrium (DSGE) model with price and wage stickiness and capital accumulation.
Del Negro, Marco +3 more
core +3 more sources
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
Online estimation of DSGE models [PDF]
The Econometrics Journal, 2019 Summary This paper illustrates the usefulness of sequential Monte Carlo (SMC) methods in approximating dynamic stochastic general equilibrium (DSGE) model posterior distributions. We show how the tempering schedule can be chosen adaptively, document the accuracy and runtime benefits of generalized data tempering for ‘online’ estimation ...
Michael Cai +5 more
openaire +2 more sources
Dutch disease, unemployment and structural change
Economic Inquiry, EarlyView.Abstract We find that Dutch disease effects on unemployment are small even in a commodity‐rich economy like Australia. Using an estimated open‐economy model with frictional unemployment, we quantify how business‐cycle shocks and structural changes shape aggregate unemployment.
Mariano Kulish +3 more
wiley +1 more source
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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doaj
Entropy, 2020 Assessment of welfare effects of macroprudential policy seems the most important application of the Dynamic Stochastic General Equilibrium (DSGE) framework of macro-modelling.
Jagoda Kaszowska-Mojsa, Mateusz Pipień
doaj +1 more source