Results 61 to 70 of about 915,443 (204)
Evaluation of Fiscal Policy for Economy of Iran in a Dynamic Stochastic General Equilibrium Model based on Real Business Cycles [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2014 In this paper by using a dynamic stochastic general equilibrium model we study how macroeconomic variables are affected by different shocks using fiscal reaction functions for Iran’s economy.
Meysam Rafei +2 more
doaj
Dynamic Equilibrium Selection: A General Uniqueness Result [PDF]
This paper shows that in a dynamic context, under weak assumptions, the presence of payoff shocks can shrink the equilibrium set to a singleton. We study a model with a continuum of fully rational agents who switch between two actions or states over time
David M. Frankel
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Financial Innovation, 2018 Much research has been devoted to examination of the financial easing policy of the European Central Bank (ECB). However, this study is one of the first to use a dynamic micro-founded model to investigate empirically the impact of the ECB’s Quantitative ...
Irfan Ahmed +4 more
doaj +1 more source
Decomposing Risk in Dynamic Stochastic General Equilibrium [PDF]
, 2013 We analyze the theoretical moments of a nonlinear approximation to real business cycle model with stochastic volatility and recursive preferences. We nd that the conditional heteroskedasticity of stochastic volatility operationalizes a time-varying risk adjustment channel that induces variability in conditional asset pricing measures and assigns a ...
Hong Lan, Alexander Meyer-Gohde
openaire +4 more sources
Country Portfolio Dynamics [PDF]
This paper presents a general approximation method for characterizing timevarying equilibrium portfolios in a two-country dynamic general equilibrium model.
Alan Sutherland, Michael B Devereux
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Steady state Laffer curve with the underground economy [PDF]
This paper studies equilibrium effects of fiscal policy within a dynamic general equilibrium model where tax evasion and underground activities are explicitly incorporated.
Bruno Chiarini, Francesco Busato
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Journal of Economic Structures, 2019 The study investigates how government can implement an increase in the rate of value-added tax (VAT) to ensure that the final rate of 15% is achieved in a way that satisfies the public (households and business community) and also ensures maximum revenue ...
Alarudeen Aminu
doaj +1 more source
Hyperbolic Discounting and the Phillips Curve [PDF]
Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run effects on real variables.inflation, unemployment, Phillips curve ...
Graham, Liam, Snower, Dennis J.
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Welfare Analysis of Free Entry in a Dynamic General Equilibrium Model [PDF]
This paper presents a welfare analysis of free entry equilibrium in dynamic general equilibrium environments with oligopolistic competition. First, we show that a marginal decrease in the number of firms at the free entry equilibrium improves social ...
Koichi Futagami +2 more
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The Fundamental Theorems of Welfare Economics, DSGE and the Theory of Policy - Computable & Constructive Foundations [PDF]
The genesis and the path towards what has come to be called the DSGE model is traced, from its origins in the Arrow-Debreu General Equilibrium model (ADGE), via Scarf's Computable General Equilibrium model (CGE) and its applied version as Applied ...
K. Vela Velupillai
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