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MONETARY ECONOMICS: POST-KEYNESIAN STOCK-FLOW CONSISTENT APPROACH (PK-SCF) VERSUS NEW-KEYNESIAN DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM (NK-DSGE) [PDF]
SSRN Electronic Journal, 2021 In this paper we are thinking like Keynesians. In the first part we are modeling economy by using Post-Keynesian Stock-Flow consistent model (PK-SCF), later we employ New-Keynesian Dynamic Stochastic General Equilibrium model (NK-DSGE).Keynesian SFC practitioners strongly believe that their models are closer than others to the ideal of providing ...
Josheski, Dushko, Boskov, Tatjana
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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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Macroeconomics and Finance in Emerging Market Economies, 2016
ABSTRACTIn recent years, dynamic stochastic general equilibrium (DSGE) models have come to play an increasing role in central banks, as an aid in the formulation of monetary policy (and increasingly after the global crisis, for maintaining financial stability).
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ABSTRACTIn recent years, dynamic stochastic general equilibrium (DSGE) models have come to play an increasing role in central banks, as an aid in the formulation of monetary policy (and increasingly after the global crisis, for maintaining financial stability).
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Dynamic Stochastic General Equilibrium Models (DSGE): An Introduction [PDF]
Ensayos Económicos, 2010 Dynamic and Stochastic General Equilibrium (DSGE) models have become a frequent choice of modeling methodology for complex dynamic and stochastic phenomena in different branches of economics. They are increasingly used by decision-makers to analyze various policy decisions or to generate rigorous forecasts.
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Global Economy Journal, 2022
In this study, in order to investigate the different forms of capital flow between developing and developed countries in the steady state, a two-country dynamic stochastic general equilibrium (DSGE) model, under asymmetric information, is developed. For simulating countries, the parameters of previous studies are used.
ROHOLLA MOHABATPOOR +3 more
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In this study, in order to investigate the different forms of capital flow between developing and developed countries in the steady state, a two-country dynamic stochastic general equilibrium (DSGE) model, under asymmetric information, is developed. For simulating countries, the parameters of previous studies are used.
ROHOLLA MOHABATPOOR +3 more
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International Journal of Intelligent Unmanned Systems, 2019
Purpose The purpose of this paper is to investigate the effects of news shocks on monetary policies using the dynamic stochastic general equilibrium (DSGE) model. To this end, two kinds of news shocks (known as technology and consumer preferences) are defined according to Khan and Tsoukalas’ (2012) approach.
Shapoor Zarei +3 more
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Purpose The purpose of this paper is to investigate the effects of news shocks on monetary policies using the dynamic stochastic general equilibrium (DSGE) model. To this end, two kinds of news shocks (known as technology and consumer preferences) are defined according to Khan and Tsoukalas’ (2012) approach.
Shapoor Zarei +3 more
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Dynamic and Stochastic General Equilibrium (DSGE) Models: An Introduction [PDF]
, 2010 Dynamic and Stochastic General Equilibrium (DSGE) models have become a frequent choice of modeling methodology for complex dynamic and stochastic phenomena in different branches of economics. They are increasingly used by decision-makers to analyze various policy decisions or to generate rigorous forecasts.
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2018
Nowadays, information and communication technologies are widely used in Thailand. Also, the government has a policy to support economic development through ICT, expecting to help increase the growth of Thai economy. The research purpose is to study the impact of ICT on Thai economic trends.
Chaiwat Klinlampu +3 more
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Nowadays, information and communication technologies are widely used in Thailand. Also, the government has a policy to support economic development through ICT, expecting to help increase the growth of Thai economy. The research purpose is to study the impact of ICT on Thai economic trends.
Chaiwat Klinlampu +3 more
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Dynamic stochastic general equilibrium (DSGE) priors for Bayesian vector autoregressive (BVAR) models: DSGE model comparison [PDF]
, 2007 This Paper describes a procedure for constructing theory restricted prior distributions for BVAR models. The Bayes Factor, which is obtained without any additional computational e?ort, can be used to assess the plausibility of the restrictions imposed on the VAR parameter vector by competing DSGE models.
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Management Strategies and Engineering Sciences
In the Iranian economy, changes in bank deposit interest rates—as tools for implementing credit and monetary policies—have become a major concern for policymakers and macroeconomic authorities, due to the various channels and mechanisms through which they affect the economy and contribute to economic fluctuations.
Mohammad Ranjbari +3 more
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In the Iranian economy, changes in bank deposit interest rates—as tools for implementing credit and monetary policies—have become a major concern for policymakers and macroeconomic authorities, due to the various channels and mechanisms through which they affect the economy and contribute to economic fluctuations.
Mohammad Ranjbari +3 more
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