Results 271 to 280 of about 49,326 (327)
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Social Science Research Network, 2017
This paper develops a structural macro econometric model of the world economy, disaggregated into forty national economies, to facilitate multilaterally consistent macrofinancial policy, risk and spillover analysis.
F. Vitek
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This paper develops a structural macro econometric model of the world economy, disaggregated into forty national economies, to facilitate multilaterally consistent macrofinancial policy, risk and spillover analysis.
F. Vitek
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Macroeconomic Risks and Asset Pricing: Evidence from a Dynamic Stochastic General Equilibrium Model
Management Sciences, 2017We study the relation between macroeconomic fundamentals and asset pricing through the lens of a dynamic stochastic general equilibrium (DSGE) model.
Erica X. N. Li +3 more
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Money Policy in Dynamic Stochastic General Equilibrium Models
2009 International Asia Conference on Informatics in Control, Automation and Robotics, 2009Abstract: By using the quarterly data of 1996-2005 in China, we use a dynamic stochastic general equilibrium modeling framework to compare the different design of monetary policy: an interest rate feedback rule and a money growth rule. Drawing on our econometric analysis, we argue that model, closed with interest rate feedback rule comes closer to ...
Yang Liu, Li Li
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ASSET PRICING IN DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODELS WITH INDETERMINACY
Macroeconomic Dynamics, 2007We explore asset pricing in the context of the one-sector Benhabib-Farmer-Guo (BFG) model with increasing returns to scale in production and compare our results with financial implications of the standard dynamic stochastic general equilibrium (DSGE) model.
Gershun, Natalia, Harrison, Sharon G.
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The Banking Crisis as Dynamic Stochastic General Equilibrium
CESifo Economic Studies, 2010Crises are triggered by the inherent uncertainty of the capitalist system. We represent this uncertainty in an open economy real business cycle model of the UK by including non-stationary productivity shocks. A random sequence of good or bad shocks will accumulate, producing euphorias and crises; banking crises will be superimposed when banks have been
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Optimal carbon tax rates in a dynamic stochastic general equilibrium model with a supply chain
Economic Modelling, 2022Y. Chan, Hong Zhao
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Estimating a dynamic stochastic general equilibrium model for Japan
Journal of the Japanese and International Economies, 2008We estimate a medium-scale dynamic stochastic general equilibrium model of the Japanese economy following Christiano et al. [Christiano, L., Eichenbaum, M., Evans, C., 2005. Nominal rigidities and the dynamic effects of a shock to monetary policy. J. Polit. Economy 113 (1), 1–45].
Tomohiro Sugo, Kozo Ueda
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A dynamic stochastic general equilibrium model for Switzerland [PDF]
, 2009 This paper presents a DSGE (dynamic stochastic general equilibrium) model of the Swiss economy used since 2007 in the monetary policy decision process at the Swiss National Bank. In addition to forecasting the likely course of main macro variables under various scenarios for the Swiss economy, the model DSGE-CH serves as a laboratory for studying ...
Nicolas Alexis Cuche-Curti +2 more
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The Scientific Foundation of Dynamic Stochastic General Equilibrium (DSGE) Models
Public Choice, 2010DSGE-models provide a coherent framework of analysis. This coherence is brought about by restricting acceptable behavior of agents to dynamic utility maximization and rational expectations. The problem of the DSGE-models (and more generally of macroeconomic models based on rational expectations) is that they assume extraordinary cognitive capabilities ...
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