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Dynamic Stochastic General Equilibrium (DSGE) Models in the Modern Monetary Policy
Communications of International Proceedings, 2023The paper undertakes the issue of DSGE models in the modern monetary policy. Although DSGE models are broad used by central banks since 1980s of the 21st century, the main motivation to undertake this topic was to systematize the current knowledge about this type of models.
Aleksandra NocoĊ
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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 ...
P. De Grauwe
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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).
D. Nachane
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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).
D. Nachane
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Macroeconomic Risks and Asset Pricing: Evidence from a Dynamic Stochastic General Equilibrium Model
Management Science, 2019We study the relation between macroeconomic fundamentals and asset pricing through the lens of a dynamic stochastic general equilibrium (DSGE) model.
Erica X.N. Li, Cindy Yu, Haitao Li
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Critical Studies on Corporate Responsibility, Governance and Sustainability, 2020
Jacques Ninet
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Jacques Ninet
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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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, 2020
Existing literature on climate policy analysis in an international environmental agreement does not condition the optimal policy on the economic conditions of the countries.
Ying-Tung Chan
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Existing literature on climate policy analysis in an international environmental agreement does not condition the optimal policy on the economic conditions of the countries.
Ying-Tung Chan
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, 2020
This paper examines the environmental and welfare impacts of pre-announced carbon policies using an environmental dynamic stochastic general equilibrium (E-DSGE) model.
Ying-Tung Chan
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This paper examines the environmental and welfare impacts of pre-announced carbon policies using an environmental dynamic stochastic general equilibrium (E-DSGE) model.
Ying-Tung Chan
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, 2020
This paper considers the problem of hypothesis testing in linear Gaussian state space models. We consider two hypotheses of interest: a simple null and a hypothesis of explicit parameter restrictions.
Ivana Komunjer, Yin-Chu Zhu
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This paper considers the problem of hypothesis testing in linear Gaussian state space models. We consider two hypotheses of interest: a simple null and a hypothesis of explicit parameter restrictions.
Ivana Komunjer, Yin-Chu Zhu
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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
openaire +1 more source