Results 71 to 80 of about 2,914 (217)
Can Central Bank Digital Currencies Promote the Internationalization of Currencies?
European Financial Management, Volume 32, Issue 3, Page 994-1004, June 2026.ABSTRACT Using multinational data (2000–2023), this study employed system GMM and fixed‐effects models to examine CBDC's impact on currency internationalization through a framework measuring ‘market acceptance’ and ‘policy drive.’ The results indicated that CBDC advancement significantly promotes currency internationalization.
Haodong Gu
wiley +1 more source
Bayesian Estimation of a DSGE Model with Inventories [PDF]
This paper introduces inventories in an otherwise standard Dynamic Stochastic General Equilibrium Model (DSGE) of the business cycle. Firms accumulate inventories to facilitate sales, but face a cost of doing so in terms of costly storage of intermediate
Marcel Foerster
core
Stochastic Simulation Model for Forecasting Index‐Linked Public Expenditure
Public Budgeting &Finance, Volume 46, Issue 2, Page 47-67, Summer 2026.Abstract This paper introduces a system dynamics (SD) model for analyzing public sector cost growth, where costs are tied to indices. The SD model isolates the effects of automatic indexation, providing probabilistic projections of expenditure growth. It enables testing of alternative indexation strategies and cost‐reduction measures. Findings show how
Miia Rissanen +2 more
wiley +1 more source
Forming priors for DSGE models (and how it affects the assessment of nominal rigidities) [PDF]
In Bayesian analysis of dynamic stochastic general equilibrium (DSGE) models, prior distributions for some of the taste-and-technology parameters can be obtained from microeconometric or presample evidence, but it is difficult to elicit priors for the ...
Marco Del Negro, Frank Schorfheide
core +2 more sources
Monetary policy analysis with potentially misspecified models [PDF]
The paper proposes a novel method for conducting policy analysis with potentially misspecified dynamic stochastic general equilibrium (DSGE) models and applies it to a New Keynesian DSGE model along the lines of Christiano, Eichenbaum, and Evans (JPE ...
Marco Del Negro, Frank Schorfheide
core +4 more sources
Dynamic Stochastic General Equilibrium (DSGE) priors for\ud 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 effort, can be used to assess the plausibility of the restrictions imposed on the VAR parameter vector by competing DSGE models.
Theodoridis, Konstantinos +1 more
openaire
Issues in Adopting DSGE Models for Use in the Policy Process [PDF]
Our discussion is structured by three concerns - model design, matching the data and operational requirements. The paper begins with a general discussion of the structure of dynamic stochastic general equilibrium (DSGE) models where we investigate issues
Martin Fukac, Adrian Pagan
core
Evaluating Asset Pricing Implications of DSGE Models [PDF]
This paper conducts an econometric evaluation of structural macroeconomic asset pricing models. A one-sector dynamic stochastic general equilibrium model (DSGE) with habit formation and capital adjustment costs is considered.
Kevin L. Reffett, Frank Schorfheide
core
A medium-scale open economy model of Australia [PDF]
We estimate an open economy dynamic stochastic general equilibrium (DSGE) model of Australia with a number of shocks, frictions and rigidities, matching a large number of observable time series. We find that both foreign and domestic shocks are important
Jarkko Jääskelä, Kristoffer Nimark
core +2 more sources
EL MULTIPLICADOR MONETARIO EN EL CICLO ECONÓMICO DE LA ARGENTINA
Revista de Economía Política de Buenos Aires, 2017 RESUMEN El carácter procíclico de los agregados monetarios es un hecho que ha sido explicado por la presencia del multiplicador monetario de carácter endógeno.
Danilo Rogelio Trupkin +3 more
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