Results 21 to 30 of about 7,201 (228)
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
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Assessing Brazilian macroeconomic dynamics using a Markov-switching DSGE model
EconomiA, 2016 The goal of this paper is to evaluate the behavior of the main parameters of the Brazilian economy through the estimation of an open-economy dynamic stochastic general equilibrium (DSGE) model using Bayesian methods and allowing for Markov switching of ...
Caio César Soares Gonçalves +2 more
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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
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Predictive Likelihood Comparisons with DSGE and DSGE-VAR Models [PDF]
SSRN Electronic Journal, 2013 This paper shows how to compute the h-step-ahead predictive likelihood for any subset of the observed variables in parametric discrete time series models estimated with Bayesian methods. The subset of variables may vary across forecast horizons and the problem thereby covers marginal and joint predictive likelihoods for a fixed subset as special cases.
Warne, Anders +2 more
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Croatian Operational Research Review, 2017 Assumptions on market structure are crucial in formulating dynamic stochastic general equilibrium (DSGE) models. The inclusion of the price stickiness assumption in DSGE models has questioned the money neutrality, which is a characteristic of DSGE models
Ksenija Dumičić +2 more
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Potential Output in DSGE Models [PDF]
SSRN Electronic Journal, 2011 In view of the increasing use of Dynamic Stochastic General Equilibrium (DSGE) models in the macroeconomic projections and the policy process, this paper examines, both conceptually and empirically, alternative notions of potential output within DSGE models.
Igor Vetlov +4 more
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A Comparison Analysis of Monetary Policy Effect Under an Open Economy Model
East Asian Economic Review, 2018 The paper analyzes and compares the effects of domestic monetary policy using DSGE, DSGE-VAR, and VAR based on a two-country open economy model of Korea and the U.S.
Keun Yeong Lee
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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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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
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Some aspects of construction and use of dynamic stochastic general equilibrium (DSGE) models
Вестник Пермского университета: Серия Экономика, 2016 The article deals with practical aspects of constructing dynamic stochastic general equilibrium models (DSGE). A basic model of the real business cycle theory (RBC) is considered.
Dmitriy Nikolaevich Shults +1 more
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