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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
doaj +3 more sources
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
exaly +4 more sources
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
doaj +2 more sources
Investigating the monetary policy risk channel based on the dynamic stochastic general equilibrium model: Empirical evidence from Iran. [PDF]
PLoS One, 2023 Investigating the credit channel and monetary policy risk channel in Iran’s economy is the aim of this article. According to empirical studies, expansionary monetary policy increases the risk of banks, and on the other hand, the risk of banks affects ...
Peykani P +3 more
europepmc +2 more sources
Bayesian estimation of a dynamic stochastic general equilibrium model with health disaster risk. [PDF]
Stoch Environ Res Risk Assess, 2023 Pandemics are not new, but they continue to prevail in the last three decades. A variety of reasons such as globalization, trade growth, urbanization, human behavior change, and the rise of the prevalence of viral diseases among animals can account for ...
Keshavarzi A, Horry HR.
europepmc +2 more sources
Solution Strategies of Dynamic Stochastic General Equilibrium (DSGE) Models
SSRN Electronic Journal, 2023 DSGE models are the main tool for analysing various questions in problems of monetary, business cycle theory and fiscal policy problems, growth and other fields in international macroeconomics and macroeconomics. Many macroeconomic publications use the DSGE framework. A consensus has been reached on the methodology for using such kind of model.
Walid Y Alali
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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
doaj +2 more sources
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
doaj +2 more sources
Economic Insights – Trends and Challenges, 2022 The neoclassical growth model has emphasised the importance of technology shocks, which supposedly affect macroeconomic variables’ heterogeneously in a small open economy like Sierra Leone. Using a Bayesian DSGE methodology for a non-linear model, we found that investment-specific technological shock partly explains business cycle fluctuations in ...
Mohamed Samba Barrie +1 more
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Sustainability, 2023 Economic policies aimed at managing economic variables in the short and long term have always been of special importance. These policies seek to reduce economic fluctuations in the short term and increase sustainable economic growth in the long term. One
Pejman Peykani, Mostafa Sargolzaei
exaly +2 more sources