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An Estimated Stochastic Dynamic General Equilibrium Model of the Euro Area [PDF]
SSRN Electronic Journal, 2002 This paper develops and estimates a stochastic dynamic general equilibrium (SDGE) model with sticky prices and wages for the euro area. The model incorporates various other features such as habit formation, costs of adjustment in capital accumulation and variable capacity utilisation.
Smets, Frank, Wouters, Raf
semanticscholar +7 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 +4 more sources
An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area [PDF]
Journal of the European Economic Association, 2002 This paper develops and estimates a dynamic stochastic general equilibrium (DSGE) model with sticky prices and wages for the euro area. The model incorporates various other features such as habit formation, costs of adjustment in capital accumulation and variable capacity utilisation.
Frank Smets, Raf Wouters
semanticscholar +8 more sources
The empirical evaluation of monetary policy shock in dynamic stochastic general equilibrium model with financial frictions [PDF]
International Journal of Engineering Business Management, 2018 Large body of empirical literature points to the tight integration of financial and credit markets with real economic activity as well as the need for inclusion of financial frictions into macroeconomic modelling.
Irena Palić
doaj +3 more sources
Bayesian dynamic stochastic general equilibrium model of Kazakhstan
Хабаршысы. Экономика сериясы, 2019 The article presents dynamic stochastic general equilibrium model of Kazakhstan and its parameters estimation by Bayesian methods. A feature of DSGE-approach is the use of the neo-Keynesian microeconomic foundation, which allows ...
Shults D.N.
doaj +3 more sources
Dynamic Stochastic General Equilibrium model for the Islamic economy [PDF]
Investment Management and Financial Innovations, 2018 This article is concerned with the debate around the economic knowledge evolution and the role of ethics in economy. It reports on the 2008 crisis, the research literature reveals two main problems: the efficiency of the economic modeling and the failure of the ethical system.The authors explore the use of the new Dynamic Stochastic General Equilibrium
Khawla Dahani, Rajae Aboulaich
semanticscholar +3 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.
Dr Walid Y Alali
openaire +3 more sources
Emerging markets finance & trade, 2018 This article studies the effects of foreign (real) oil price shocks on key macroeconomic variables for South Africa: a net-importer of oil. We develop and estimate a small open economy New-Keynesian dynamic stochastic general equilibrium model with a ...
Hylton Hollander +2 more
openalex +3 more sources
Fiscal Rules and Monetary Policy in a Dynamic Stochastic General Equilibrium Model
Social Science Research Network, 2004 In this paper an anti-cyclical fiscal policy rule is introduced into a dynamic stochastic general equilibrium model with New-Keynesian features. The rule allows the deficit to deviate from target in proportion to the impact of automatic stabilisers while
Jana Kremer
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Analyzing Data Revisions with a Dynamic Stochastic General Equilibrium Model [PDF]
SSRN Electronic Journal, 2014 We use a structural dynamic stochastic general equilibrium model to investigate how initial data releases of key macroeconomic aggregates are related to final revised versions and how identified aggregate shocks influence data revisions. The analysis sheds light on how well preliminary data approximate final data and on how policy makers might ...
Croushore, Dean, Sill, Keith
openaire +3 more sources