Sankey diagrams for macroeconomics: A teaching complement bridging undergraduate and graduate Macro [PDF]
Heliyon, 2022 There is a widespread call in the academy to teach macroeconomics more homogeneously at the graduate and undergraduate levels. Current state-of-the-art research in macroeconomics obliges teachers of graduate courses to focus on dynamic stochastic general
Gonzalo F. de-Córdoba +1 more
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Higher-order dynamic effects of uncertainty risk under thick-tailed stochastic volatility [PDF]
Financial Innovation, 2022 Sudden and uncertain events often cause cross-contagion of risk among various sectors of the macroeconomy. This paper introduces the stochastic volatility shock that follows a thick-tailed Student’s t-distribution into a high-order approximate dynamic ...
Xiao-Li Gong +3 more
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On the Low Degree of Entropy Implied by the Solutions of Modern Macroeconomic Models [PDF]
Entropy, 2022 The non-causal (“forward-looking”) solution used routinely in academic macroeconomics may represent a violation of a law of entropy, namely that the direction of time is one way (from the past and towards the present), and that the variance of economic ...
Ragnar Nymoen
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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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Papeles, 2019 In this article we present the consequences of introducing the advanced teaching of the DSGE (Dynamic Stochastic General Equilibrium) models to undergraduate economics programs.
Álvaro Moreno Rivas
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Oil shocks and National Development Fund dynamics, new Keynesians Dynamic Stochastic General Equilibrium (DSGE) [PDF]
مدلسازی اقتصادسنجی, 2017 Today, the National Development Fund due to the important role that play in dealing with oil revenue shocks, they are considered by the oil countries as an effective mechanism for managing oil revenues. Therefore, a new Keynesians DSGE model with respect
akram gheybi hashemabadi +3 more
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Buletin Ekonomi Moneter Dan Perbankan, 2017 One of the Government programs to spur economic growth is to improve the availability andquality of infrastructure through increased government spending on infrastructure development. In this paper, we build a DSGE model for a small open economy to predict the impact of government spending on output and welfare in Indonesia.
Sahminan Sahminan
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Is tourism growth able to shrink economic inequalities? A DSGE analysis
Annals of Tourism Research Empirical Insights, 2023 The aim of this paper is to investigate the relationship between inbound tourism and economic inequalities (income and wealth). We construct a dynamic stochastic general equilibrium (DSGE) small open-economy model that includes the tourism industry and ...
Hongru Zhang, Yang Yang
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The Effect of Monetary Policies on Performance of Banks: A Dynamic Stochastic General Equilibrium (DSGE) Approach [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2019 Banking system, as one of the most important parts of macroeconomy, plays a vital role in general economic equilibrium and transition of economic shocks in the society. Because of that, it is of sensitive role in national economy.
Sorayya Rafiee +2 more
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A New Keynesian Dynamic Stochastic General Equilibrium (DSGE) Model for an Oil Exporting Country [PDF]
پژوهشهای اقتصادی, 2011 This paper develops a New Keynesian dynamic stochastic general equilibrium (DSDE) model to study Iran's economy. The model considers the dependence of Iran's economy to oil exports.
Mahmoud Motavaseli +3 more
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