Results 111 to 120 of about 19,969 (225)
Papeles, 2019 In this article we present the consequences of introducing the advanced teaching of the DSGE (Dynamic Stochastic General Equilibrium) models to undergraduate economics programs.
Álvaro Moreno Rivas
doaj +1 more source
Confronting Model Misspecification in Macroeconomics [PDF]
We estimate a Markov-switching mixture of two familiar macroeconomic models: a richly parameterized DSGE model and a corresponding BVAR model. We show that the Markov-switching mixture model dominates both individual models and improves the fit ...
Daniel F. Waggoner, Tao Zha
core
Foreign Exchange Regimes in (Normal Times and) Times of War: Insights From Ukraine
Scottish Journal of Political Economy, EarlyView.ABSTRACT On February 24, 2022, as Russia invaded, the National Bank of Ukraine switched from a flexible to a fixed‐exchange rate regime. Was this optimal? We develop a tractable but carefully calibrated open‐economy model of Ukraine with nominal rigidities and frictions in international financial markets.
Oliver de Groot, Yevhenii Skok
wiley +1 more source
The Implementation of Scenarios using DSGE Models [PDF]
The new generation of dynamic stochastic general equilibrium (DSGE) models seems particularly suited for conducting scenario analysis. These models formalise the behaviour of economic agents on the basis of explicit micro-foundations.
Igor Vetlov +7 more
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Trend Inflation and the Costs of Price Dispersion in a Fiscal DSGE Model
South African Journal of Economics, Volume 94, Issue 3, September 2026.ABSTRACT Most inflation‐targeting frameworks allow for a positive trend inflation rate, yet its optimal level remains uncertain. The extended deliberation in South Africa to move from a 3%–6% target band to a 3% target (with a 1% tolerance band) illustrates this tension.
Clinton Joel, Hylton Hollander
wiley +1 more source
Monetary–Fiscal Coordination in South Africa: Aligning the Stars
South African Journal of Economics, Volume 94, Issue 3, September 2026.ABSTRACT Monetary–fiscal policy tensions build‐up when debt is rising and inflation is falling. We introduce the concept of a fiscal‐neutral rate (fiscal r‐star) into a two‐agent new Keynesian dynamic stochastic general equilibrium model estimated with South African data.
Roy Havemann, Hylton Hollander
wiley +1 more source
Does Money Matter for the Identification of Monetary Policy Shocks: A DSGE Perspective. [PDF]
This paper investigates how the identification assumptions of monetary policy shocks modify the inference in a standard DSGE model. Considering SVAR models in which either the interest rate is predetermined for money or these two monetary variables are ...
Céline Poilly
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Metroeconomica, Volume 77, Issue 2, Page 191-205, May 2026.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 +2 more
wiley +1 more source
Estimating DSGE model parameters in a small open economy: Do real-time data matter?
Review of Economic Perspectives, 2015 This paper investigates the differences between parameters estimated using real-time and those estimated with revised data. The models used are New Keynesian DSGE models of the Czech, Polish, Hungarian, Swiss, and Swedish small open economies in ...
Capek Jan
doaj +1 more source