Results 51 to 60 of about 23,530 (228)
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
Predictive performance of DSGE model for small open economy – the case study of Czech Republic
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2013 Multivariate time series forecasting is applied in a wide range of economic activities related to regional competitiveness and is the basis of almost all macroeconomic analysis.
Tomáš Jeřábek +2 more
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
Global value chain participation and optimal monetary policy in a small open economy
Canadian Journal of Economics/Revue canadienne d'économique, EarlyView.Abstract This paper examines the effects of monetary policy in a small open economy participating in the global value chains by constructing a model with firm heterogeneity and production fragmentation. Liquidity constraints and terms‐of‐trade externality distort the sorting of firms into different operations.
Wai‐Ming Ho
wiley +1 more source
Monetary Policy Analysis with Potentially Misspecified Models [PDF]
Policy analysis with potentially misspecified dynamic stochastic general equilibrium (DSGE) models faces two challenges: estimation of parameters that are relevant for policy trade-offs and treatment of estimated deviations from the cross-equation ...
Frank Schorfheide, Marco Del Negro
core +6 more sources
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
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
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 +2 more
openaire +3 more sources
Macroeconomic forecasting during recessions and expansions in the US and the euro area
Economic Inquiry, EarlyView.Abstract This study systematically evaluates forecasting performance of 11 Dynamic Stochastic General Equilibrium (DSGE) and 2 Bayesian Vector Autoregression (BVAR) models during recessions and expansions in the US and the euro area. Results show that no single model dominates: parsimonious models perform well in stable periods and at short horizons ...
Jan Čapek +2 more
wiley +1 more source