Results 61 to 70 of about 3,238 (236)
Supply Chain Diversification and Industrial Policies to Strengthen Economic Security
Asian Economic Policy Review, EarlyView.ABSTRACT Recently, global supply chains have been disrupted because of geopolitical factors and industrial policies induced by national security concerns. Under these circumstances, creating supply chain resilience and strengthening economic security are of great interest to researchers, policymakers, and business people.
Yasuyuki Todo
wiley +1 more source
A Comparative Analysis of the Calibrated DSGE Model and SSA Method Results on the Latvian Economy
EconomiesThis article examines the theoretical foundations of economic forecasting based on DSGE models. DSGE models are the main direction of contemporary macroeconomics theory—the inclusion of the stochastic processes and expectations of economic agents in the ...
Sergejs Hilkevics, Valentina Semakina
doaj +1 more source
International Journal of Engineering Business Management, 2018 Large body of empirical literature points to the tight integration of financial and credit markets with real economic activity as well as the need for inclusion of financial frictions into macroeconomic modelling.
Irena Palić
doaj +1 more source
Dutch disease, unemployment and structural change
Economic Inquiry, EarlyView.Abstract We find that Dutch disease effects on unemployment are small even in a commodity‐rich economy like Australia. Using an estimated open‐economy model with frictional unemployment, we quantify how business‐cycle shocks and structural changes shape aggregate unemployment.
Mariano Kulish +3 more
wiley +1 more source
Environmental Research LettersThis study conducts a comprehensive review of macroeconomic models within the Water, Energy, Food, and Ecosystem (WEFE) nexus, considering four different approaches: computable general equilibrium (CGE) models, integrated assessment models (IAMs), agent ...
Chiara Castelli +5 more
doaj +1 more source
Data cloning: Maximum likelihood estimation of DSGE models
Results in Applied Mathematics, 2020 We present evidence supporting the use of the data cloning method for maximum likelihood estimation of Dynamic Stochastic General Equilibrium models.
Luiz Gustavo C. Furlani +2 more
doaj +1 more source
Macroeconomic forecasting during recessions and expansions in the US and the euro area
Economic Inquiry, EarlyView.Abstract This study systematically evaluates forecasting performance of 11 Dynamic Stochastic General Equilibrium (DSGE) and 2 Bayesian Vector Autoregression (BVAR) models during recessions and expansions in the US and the euro area. Results show that no single model dominates: parsimonious models perform well in stable periods and at short horizons ...
Jan Čapek +2 more
wiley +1 more source
How Does Progressivity Affect the Tax Cut Multiplier?
International Economic Review, EarlyView.ABSTRACT How does the targeting of personal income tax cuts affect the output multiplier? This paper provides quantitative evidence using a heterogeneous‐agent New‐Keynesian model calibrated to match US distributions of income, wealth, marginal tax rates, and marginal propensities to consume.
Christian Gillitzer
wiley +1 more source
Financial Frictions and Macroeconomy During Financial Crises: A Bayesian DSGE Assessment
American Business Review, 2021 The recent global financial crisis and the Eurozone sovereign default have rekindled the debate on the interactions between the real sector and the financial sphere.
Eric Martial Etoundi Atenga +2 more
doaj +1 more source
Financial Fragility and the Fiscal Multiplier
Journal of Money, Credit and Banking, EarlyView.Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK +1 more
wiley +1 more source