Results 61 to 70 of about 19,619 (152)

Information, VARs and DSGE Models [PDF]

, 2019
How informative is a time series representation of a given vector of observables about the structural shocks and impulse response functions in a DSGE model?
Levine, P., Pearlman, J., Wright, S., Yang, B.   +3 more
core  

Non‐stationary Hours in a DSGE Model [PDF]

Journal of Money, Credit and Banking, 2006
The time series fit of dynamic stochastic general equilibrium (DSGE) models often suffers from restrictions on the long‐run dynamics that are at odds with the data. Using Bayesian methods we estimate a stochastic growth model in which hours worked are stationary and a modified version with permanent labor supply shocks. If firms can freely adjust labor
Yongsung Chang, Taeyoung Doh, Frank Schorfheide   +2 more
openaire   +3 more sources

Beyond the DSGE Straitjacket [PDF]

, 2011
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, M Hashem, Smith, Ron P
core   +2 more sources

DSGE Models for Monetary Policy Analysis [PDF]

SSRN Electronic Journal, 2010
Monetary DSGE models are widely used because they fit the data well and can be used to address important monetary policy questions. We provide a selective review of these developments. Policy analysis with DSGE models requires using data to assign numerical values to model parameters.
Lawrence J. Christiano, Mathias Trabandt, Karl Walentin   +2 more
openaire   +2 more sources

Global Identification of Linearized DSGE Models [PDF]

SSRN Electronic Journal, 2014
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Andrzej Kociecki, Marcin Kolasa
openaire   +4 more sources

A Markov-Switching DSGE model for measuring the output gap in Brazil

Latin American Journal of Central Banking
The output gap, while inherently unobservable, plays a pivotal role in informing policymakers due to its significant implications for forecasting inflation rates and understanding the mechanisms of monetary policy transmission.
Eleonora de Oliveira, Andreza A. Palma, Marcelo S. Portugal   +2 more
doaj   +1 more source

How good is what you've got? DSGE-VAR as a toolkit for evaluating DSGE models [PDF]

In the constant search for better models to help guide policy decisions, central banks have begun to use and develop dynamic stochastic general equilibrium (DSGE) models.
Frank Schorfheide, Marco Del Negro
core  

A DSGE Model for the Slovenian Economy: Model Estimates and Application

Economic and Business Review, 2019
The paper presents the estimation of a dynamic stochastic general equilibrium (DSGE) model for the Slovenian economy and its applications. The model, which is built in the tradition of New Keynesian models, closely follows the structure of the model ...
Andrej Kuštrin
doaj   +1 more source

The Labour Market in a New Neoclassical Synthesis Model with Nominal Wage Rigidities

Gospodarka Narodowa. The Polish Journal of Economics, 2018
The aim of this article is to review a body of research that uses labour market components to build models of Dynamic Stochastic General Equilibrium (DSGE) and to assess the implications of such models for monetary policy.
Przemysław Włodarczyk
doaj   +1 more source

DSGE Models in the Frequency Domain [PDF]

SSRN Electronic Journal, 2012
We exploit well-known features of the frequency domain to estimate a medium-scale DSGE model on different frequency bands. We study whether fit, parameter estimates and forecasting performance depend on the frequency band over which the model is estimated.
openaire   +1 more source