Results 151 to 160 of about 501 (184)
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2020
Abstract Dynamic stochastic general equilibrium (DSGE) modeling can be structured around six key criticisms leveled at the approach. The first is fundamental and common to macroeconomics and microeconomics alike—namely, problems with rationality and expected utility maximization (EUM).
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Abstract Dynamic stochastic general equilibrium (DSGE) modeling can be structured around six key criticisms leveled at the approach. The first is fundamental and common to macroeconomics and microeconomics alike—namely, problems with rationality and expected utility maximization (EUM).
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LSM: A DSGE model for Luxembourg
Economic Modelling, 2011Luxembourg is a small open economy with a set of particular features, including rather limited competition in the domestic goods market, strong union power, and a segmented labour market for resident and non-resident workers. In this paper we develop a medium scale DSGE model that captures these features, calibrate it to mimic the actual behaviour of ...
Szabolcs Deák +3 more
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Aggregation problem in DSGE model
2015 International Conference on Behavioral, Economic and Socio-cultural Computing (BESC), 2015The aim of this paper is investigating the estimation bias of the standard New Keynesian DSGE econometric procedure in an environment comprising heterogeneous and interactive agents. In this case, the standard New Keynesian DSGE econometric procedures may generate spurious evidence in aggregate equations.
Lian-Sheng Yang +3 more
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VARMA Representation of DSGE Models
SSRN Electronic Journal, 2015zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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, 2008 We explore this issue by estimating our RBC model on US and UK data.
Richard Harrison +3 more
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2020
In the previous chapters, we have derived the FHSAM framework, which is stochastic and dynamic with complex mathematical representation. The analytical solution, if there is one, to models of this kind is extremely difficult to find. But thanks to the development of modern dynamic optimization theory and to the advancement in mathematics, we can better
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In the previous chapters, we have derived the FHSAM framework, which is stochastic and dynamic with complex mathematical representation. The analytical solution, if there is one, to models of this kind is extremely difficult to find. But thanks to the development of modern dynamic optimization theory and to the advancement in mathematics, we can better
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MARKUPS AND ENTRY IN A DSGE MODEL [PDF]
, 2012 This paper provides a DSGE model with firm entry. Simulations show that the model matches the synchronization of markups and entry observed in the data while at the same time reproducing empirically plausible moments for key macroeconomic variables. Sticky prices are essential for these results.
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Estimating DSGE Models: Recent Advances and Future Challenges
Annual Review of Economics, 2021Jesus Fernández-Villaverde
exaly
2010
The goal of the paper is to assess data fit of Slanicay and Vašíček’s (2009) model variants with different criteria than posterior odds and to compare the results to findings of Slanicay and Vašíček (2009), where posterior odds were used. Conclusions of this article are following: Habit persistence in consumption is found important and price indexation
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The goal of the paper is to assess data fit of Slanicay and Vašíček’s (2009) model variants with different criteria than posterior odds and to compare the results to findings of Slanicay and Vašíček (2009), where posterior odds were used. Conclusions of this article are following: Habit persistence in consumption is found important and price indexation
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