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Effect of Financial Frictions on Monetary Policy Conduct: A Comparative Analysis of DSGE Models with and without Financial Frictions

open access: yesEconomies
In this study, we explored the impact of bank leverage and financial frictions on the transmission of real and financial shocks. Two new Keynesian dynamic stochastic general equilibrium (DSGE) models, with and without financial frictions, were employed ...
Salha Ben Salem   +2 more
doaj   +1 more source

Hysteresis in economics: Analysis of the relationship between business cycles, economic growth, and economic policy

open access: yesВестник Пермского университета: Серия Экономика
Introduction. The article analyzes the relationship between business cycles and economic growth, and reviews the evolution of this issue from the traditional denial of any connection to an alternative theory known as hysteresis.
Anastasiia Alexsandrovna Pankratova
doaj   +1 more source

A DSGE model of China [PDF]

open access: yes, 2014
We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping's reforms up until the crisis period. Bayesian ranking methods are heavily influenced by controversial priors on the degree of price/wage rigidity.
Dai, Li   +3 more
openaire  

The Impact Mechanism of Non-Economic Policies on Social and Investor Disagreement in China: A Dual Analysis Based on Empirical Evidence and DSGE Models

open access: yesSystems
This study investigates the integration of non-economic policies into the framework for assessing macroeconomic coherence as applied by the Chinese government, with a particular focus on green policies.
Jianing Liu, Junjun Ma, Yafei Tai
doaj   +1 more source

A dissection of Indian growth using a DSGE filter. [PDF]

open access: yesJ Asian Econ, 2022
Sharma S, Behera H.
europepmc   +1 more source

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