Results 51 to 60 of about 670 (182)

Inflation – Harrod-Balassa-Samuelson Effect in a DSGE Model Setting

Economic and Business Review, 2019
This paper sets up a two-country two-sector dynamic stochastic general equilibrium model that introduces sector specific productivity shocks with quality improvement mechanism of goods.
Črt Lenarčič
doaj   +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

Solving and estimating indeterminate DSGE models [PDF]

Journal of Economic Dynamics and Control, 2015
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Roger E.A. Farmer, Vadim Khramov, Giovanni Nicolò   +2 more
openaire   +3 more sources

Policy Biases in a Model with Labor‐Market Frictions

Journal of Money, Credit and Banking, EarlyView.
Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley   +1 more source

DSGE model-based forecasting of non-modelled variables [PDF]

International Journal of Forecasting, 2008
This paper develops and illustrates a simple method to generate a DSGE model-based forecast for variables that do not explicitly appear in the model (non-core variables). We use auxiliary regressions that resemble measurement equations in a dynamic factor model to link the non-core variables to the state variables of the DSGE model. Predictions for the
Frank Schorfheide, Keith Sill, Maxym Kryshko   +2 more
openaire   +2 more sources

Demographic Dynamics and International Trade: Stylized Facts and Theoretical Insights

Journal of Economic Surveys, EarlyView.
ABSTRACT Demographic change within a country has economic repercussions for other countries through international transactions. Ongoing shifts in population size and age structure across countries have important implications for international trade, operating through changes in market size, consumption preferences, and labor supply.
Kumuthini Sivathas
wiley   +1 more source

The Impact of Fiscal Policy on Macroeconomic Variables: New Evidence from a DSGE Model [PDF]

International Journal of Business and Development Studies, 2017
The purpose of this article is to analyze the macroeconomic impacts of fiscal policy in Iran using a new-Keynesian Dynamic Stochastic General Equilibrium (DSGE) model.
Ahmad Jafari Samimi, Naser Khiabani, Zahra Mila Elmi, Narges Akbarpour Roshan   +3 more
doaj   +1 more source

Evaluating DSGE model forecasts of comovements [PDF]

Journal of Econometrics, 2011
This paper develops and applies tools to assess multivariate aspects of Bayesian Dynamic Stochastic General Equilibrium (DSGE) model forecasts and their ability to predict comovements among key macroeconomic variables. We construct posterior predictive checks to evaluate conditional and unconditional density forecasts, in addition to checks for root ...
Edward P. Herbst, Frank Schorfheide
openaire   +4 more sources

On the Impact of Government Debt on Income Distribution in a Post‐Keynesian Framework With Workers' Saving

Metroeconomica, EarlyView.
ABSTRACT This paper examines the complex relationship between government debt and income distribution within a post‐Keynesian framework. Extending the model of You and Dutt (1996), we model both capitalists and workers as holders of government bonds, enabling a more nuanced analysis of income distribution dynamics.
Hagen M. Krämer, Christian R. Proaño, Sven Schnellbacher   +2 more
wiley   +1 more source

A Comparative Analysis of the Calibrated DSGE Model and SSA Method Results on the Latvian Economy

Economies
This article examines the theoretical foundations of economic forecasting based on DSGE models. DSGE models are the main direction of contemporary macroeconomics theory—the inclusion of the stochastic processes and expectations of economic agents in the ...
Sergejs Hilkevics, Valentina Semakina
doaj   +1 more source