Results 131 to 140 of about 19,969 (225)

Bayesian estimation of a dynamic stochastic general equilibrium model with health disaster risk. [PDF]

Stoch Environ Res Risk Assess, 2023
Keshavarzi A, Horry HR.
europepmc   +1 more source

Local Identification in DSGE Models [PDF]

The issue of parameter identification arises whenever structural models are estimated. This paper develops a simple condition for local identification in linearized DSGE models. The condition is necessary and sufficient for identification with likelihood-
Nikolay Iskrev
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Higher-order dynamic effects of uncertainty risk under thick-tailed stochastic volatility. [PDF]

Financ Innov, 2022
Gong XL, Lu JY, Xiong X, Zhang W.
europepmc   +1 more source

Financial Shocks, Financial Frictions and Financial Intermediaries in DSGE Models: Comments on the Recent Literature [PDF]

The aim of this work is to compare and contrast different ways of modeling financial shocks and financial intermediaries in the Dynamic Stochastic General Equilibrium models (DSGE models) and to discuss the empirical evidence on the importance of ...
Arend, Mario
core   +1 more source

Monetary policy in an uncertain world: Probability models and the design of robust monetary rules. [PDF]

The past forty years or so has seen a remarkable transformation in macro-models used by central banks, policymakers and forecasting bodies. This papers describes this transformation from reduced-form behavioural equations estimated separately, through to
Levine, Paul
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Effect of Financial Frictions on Monetary Policy Conduct: A Comparative Analysis of DSGE Models with and without Financial Frictions

Economies
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, Sonia Sayari, Moez Labidi   +2 more
doaj   +1 more source

Can the water resources tax policy effectively stimulate the water saving behavior of social water users? A DSGE model embedded in water resources tax. [PDF]

PLoS One, 2023
Wu Z, Tian G, Han X, Li J, Xia Q.
europepmc   +1 more source

Bayesian Estimation of DSGE Models [PDF]

We survey Bayesian methods for estimating dynamic stochastic general equilibrium (DSGE) models in this article. We focus on New Keynesian (NK)DSGE models because of the interest shown in this class of models by economists in academic and policy-making ...
James M Nason, Pablo A Guerron-Quintana
core  

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

Вестник 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

Take your model bowling: forecasting with general equilibrium models [PDF]

During the past two decades, dynamic stochastic general equilibrium (DSGE) models have taken center stage in academic macroeconomics. Nonetheless, these models are still rarely used in policy-making and forecasting.
Frank Schorfheide, Marco Del Negro
core