Results 161 to 170 of about 19,969 (225)

The Role of Trends and Detrending in DSGE Models [PDF]

open access: yes
The paper discusses the role of stochastic trends in DSGE models and effects of stochastic detrending. We argue that explicit structural assumptions on trend behavior is convenient, namely for emerging countries.
Andrle, Michal
core   +1 more source

Beyond the DSGE Straitjacket [PDF]

open access: yes
Academic macroeconomics and the research department of central banks have come to be dominated by Dynamic, Stochastic, General Equilibrium (DSGE) models based on micro-foundations of optimising representative agents with rational expectations.
Pesaran, Hashem, Smith, Ron P.
core  

Policy analysis using DSGE models: an introduction [PDF]

open access: yes
Many central banks have come to rely on dynamic stochastic general equilibrium, or DSGE, models to inform their economic outlook and to help formulate their policy strategies.
Andrea Tambalotti   +3 more
core   +1 more source

Examining the bond premium puzzle with a DSGE model [PDF]

open access: yes
The basic inability of standard theoretical models to generate a sufficiently large and variable nominal bond risk premium has been termed the "bond premium puzzle." We show that the term premium on long-term bonds in the canonical dynamic stochastic ...
Eric T. Swanson, Glenn D. Rudebusch
core  

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