Results 11 to 20 of about 486 (183)
Monetary and Macroprudential Policy and Welfare in an Estimated Four‐Agent New Keynesian Model
Journal of Money, Credit and Banking, EarlyView., 2023 Abstract We examine the social and agent‐specific welfare effects of monetary and macroprudential policy in a four‐agent estimated macro‐economic model comprising “banked simple households,” “underbanked simple households,” “firm owners,” and “bank owners.” Optimal capital requirement and loan loss provisions ratios improve all agent‐specific and ...
GEORGE J. BRATSIOTIS, KASUN D. PATHIRAGE
wiley +1 more source
Assessing DSGE model nonlinearities [PDF]
Journal of Economic Dynamics and Control, 2013 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
S. Boragan Aruoba +2 more
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Theoritical Seekings in Macroeconomics
İstanbul İktisat Dergisi, 2020 Dynamics stochastics general equilibrium (DSGE) models are dominant until the 2008 global financial crisis. Although some economists have stated that macroeconomics is a mature science, others believe that macroeconomics that is based on DSGE models has ...
Emre Örün
doaj +1 more source
Applied Economics, 2015 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, Minford, Patrick, Zhou, Peng
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Estimating Structural Shocks with the GVAR-DSGE Model: Pre- and Post-Pandemic
Mathematics, 2022 This paper investigates the possibility of using the global VAR (GVAR) model to estimate a simple New Keynesian DSGE-type multi-country model. The long-run forecasts from an estimated GVAR model were used to calculate the steady-states of macro variables
Chunyeung Kwok
doaj +1 more source
Bayesian Analysis of DSGE Models [PDF]
SSRN Electronic Journal, 2006 This paper reviews Bayesian methods that have been developed in recent years to estimate and evaluate dynamic stochastic general equilibrium (DSGE) models. We consider the estimation of linearized DSGE models, the evaluation of models based on Bayesian model checking, posterior odds comparisons, and comparisons to vector autoregressions, as well as the
An, Sungbae, Schorfheide, Frank
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Assessing Brazilian macroeconomic dynamics using a Markov-switching DSGE model
EconomiA, 2016 The goal of this paper is to evaluate the behavior of the main parameters of the Brazilian economy through the estimation of an open-economy dynamic stochastic general equilibrium (DSGE) model using Bayesian methods and allowing for Markov switching of ...
Caio César Soares Gonçalves +2 more
doaj +1 more source
Predictive Likelihood Comparisons with DSGE and DSGE-VAR Models [PDF]
SSRN Electronic Journal, 2013 This paper shows how to compute the h-step-ahead predictive likelihood for any subset of the observed variables in parametric discrete time series models estimated with Bayesian methods. The subset of variables may vary across forecast horizons and the problem thereby covers marginal and joint predictive likelihoods for a fixed subset as special cases.
Warne, Anders +2 more
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Croatian Operational Research Review, 2017 Assumptions on market structure are crucial in formulating dynamic stochastic general equilibrium (DSGE) models. The inclusion of the price stickiness assumption in DSGE models has questioned the money neutrality, which is a characteristic of DSGE models
Ksenija Dumičić +2 more
doaj +1 more source
Bayesian Estimation of DSGE Models [PDF]
SSRN Electronic Journal, 2012 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 institutions.
Pablo A Guerron-Quintana, James M Nason
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