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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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Fiscal Policy Multipliers in Small States
Economía, 2021 This paper estimates fiscal policy multipliers for small states using two distinct models: an empirical forecast error model with data from twenty-three small states across the world, and a dynamic stochastic general equilibrium (DSGE) model calibrated ...
Alia Lichi, Ippei Shibata, Kadir Tanyeri
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Some aspects of construction and use of dynamic stochastic general equilibrium (DSGE) models
Вестник Пермского университета: Серия Экономика, 2016 The article deals with practical aspects of constructing dynamic stochastic general equilibrium models (DSGE). A basic model of the real business cycle theory (RBC) is considered.
Dmitriy Nikolaevich Shults +1 more
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Banks Engagement in Housing Investment and its relation in Iran's Economy based on DSGE Approach [PDF]
Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān, 2018 Banks as financial intermediaries play an important role in facilitating the economic cycle. The implications of the bank’s investment in the housing sector in Iran's economy, which is prone to Dutch disease, is a concern of the present study and we have
marzieh pakniyat +3 more
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Economies, 2022 Dynamic Stochastic General Equilibrium (DSGE) models are widely used as a tool for policy decision-making. These models lost their fame when they could not predict the crisis in 2008 and could not address policy problems afterward.
Ayesha Zehra, Amena Urooj
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DSGE Models and the Lucas Critique [PDF]
SSRN Electronic Journal, 2013 Abstract Modern DSGE models are microfounded and have deep parameters that should be invariant to changes in economic policy, so in principle they are not subject to the Lucas critique. But the literature has already established that misspecification issues also cause parameter instability after policy changes in DSGE models.
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Teaching DSGE models to undergraduates
EconomiA, 2018 This paper puts forward a systematic approach to teaching simple dynamic stochastic general equilibrium (DSGE) models to undergraduates. It proceeds in the following way: first, the structural model of the economy, which includes the households’ and ...
Celso J. Costa Junior +1 more
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Trends of Macroeconomic Models
Управленческое консультирование, 2019 This article provides an overview and analysis of the ideas of the leading macroeconomists expressed in the issue “Rebuilding Macroeconomic Theory”, Oxford Review of Economic Policy journal. These ideas were expressed in connection with the discussion of
M. Yu. Andreyev, A. V. Polbin
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Application of dynamic stochastic general equilibrium models to the case of the Serbian economy [PDF]
Ekonomski Anali, 2014 This paper proposes a dynamic stochastic general equilibrium (DSGE) model for the Serbian economy. It is a modification of the existing models of Goodhart, Osorio and Tsomocos (2009) and Martinez and Tsomocos (2012).
Urošević Branko, Grga Nikola
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Entropy, 2020 Assessment of welfare effects of macroprudential policy seems the most important application of the Dynamic Stochastic General Equilibrium (DSGE) framework of macro-modelling.
Jagoda Kaszowska-Mojsa, Mateusz Pipień
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