Results 41 to 50 of about 2,914 (217)
SAGE OpenExternal shocks have profound impacts on urban industrial sectors, influencing the resilience of urban economic networks. While traditional complex network approaches provide insights into industrial linkages, they often fall short of capturing the ...
Liyuan Zhang +4 more
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A DSGE Model for the Slovenian Economy: Model Estimates and Application
Economic and Business Review, 2019 The paper presents the estimation of a dynamic stochastic general equilibrium (DSGE) model for the Slovenian economy and its applications. The model, which is built in the tradition of New Keynesian models, closely follows the structure of the model ...
Andrej Kuštrin
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Epistemological problems of prediction in Stochastic and Dynamic General Equilibrium (DSGE) models
Tesis (Lima), 2022 This article highlights the impact and criticism of the theoretical assumptions of prediction in the EGDE models, in addition to its scope and limits in terms of economic policy carried out by central banks. We have chosen various topics to explain predictive phenomena in social sciences and mainly in economics, based on econophysics, econometrics and ...
openaire +1 more source
Financial Fragility and the Fiscal Multiplier
Journal of Money, Credit and Banking, EarlyView.Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK +1 more
wiley +1 more source
Financial Shocks and Labour Market Fluctuations with Financial Frictions [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2014 The financial crisis of 2007 showed that the impact of financial markets on macroeconomic developments is deep. The labor market was affected by financial variables.
Asadollah Farzin Vash +2 more
doaj
Public investment in defense and technological progress: a DSGE model
Papeles de Europa, 2017 This paper argues the importance of investment in defense, as part of public investment in enhancing the industrial and technological base of the country as well as in the development of innovative productive sectors.
José Lorenzo Jiménez, Antonio Fonfría
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Interest Rate Pegs and the Reversal Puzzle: On the Role of Anticipation
Journal of Money, Credit and Banking, EarlyView.Abstract We revisit the reversal puzzle: a counterintuitive contraction of inflation in response to an interest rate peg. We show that its occurrence is intimately related to the degree of agents' anticipation. If agents perfectly anticipate the peg, reversals occur depending on the duration of the peg.
RAFAEL GERKE +2 more
wiley +1 more source
The Impact of Fiscal Policy on Macroeconomic Variables: New Evidence from a DSGE Model [PDF]
International Journal of Business and Development Studies, 2017 The purpose of this article is to analyze the macroeconomic impacts of fiscal policy in Iran using a new-Keynesian Dynamic Stochastic General Equilibrium (DSGE) model.
Ahmad Jafari Samimi +3 more
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Policy Biases in a Model with Labor‐Market Frictions
Journal of Money, Credit and Banking, EarlyView.Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley +1 more source
The Role of Remittances and FDI for the Current Account: The Case of Cambodia
Journal of Money, Credit and Banking, EarlyView.Abstract This paper develops a small open economy real‐business‐cycle model to examine the dynamics of Cambodian current account. Differing from previous studies, our model incorporates both net foreign direct investment (FDI) and remittances as additional sources of macro‐economic fluctuations. Our results reveal that these two factors, especially FDI,
VEASNA KHENG, LEI PAN, XIAODONG FAN
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