An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area [PDF]
Journal of the European Economic Association, 2003 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
exaly +4 more sources
Beyond the implementation of a dynamic stochastic general equilibrium model [PDF]
Theoretical and Applied Economics, 2015 The present paper is structured as a brief guide focused on the rendering of the output generated by Dynare, a specific tool of Matlab, when implementing a Dynamic Stochastic General Equilibrium model for impulse-response function analysis purpose. After
Oana Simona HUDEA (CARAMAN)
doaj +1 more source
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 +1 more source
Comparative Comparison for Effects of Balance of Payments Shocks in Different Exchange Rate Regimes: A DSGE Approach [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2023 Balance of payments shocks can impact economies in varying degrees depending on their structural characteristics, often leading to the formation of business cycles.
Mohammad Nikzad +2 more
doaj +1 more source
Investigating the Repercussion of Macroeconomic Variables to Taxes in the Iranian Economy in the Framework of the Dynamic Equilibrium General Equilibrium Model [PDF]
مجله توسعه و سرمایه, 2021 Objective: The main purpose of this paper is to evaluate the effect of tax shocks on consumption of domestic and imported consumer goods, labor income tax and corporate tax on gross domestic product and inflation in the framework of dynamic stochastic ...
Ali Reza Hassanzadeh Jezdani
doaj +1 more source
The Role of Internalization of Discount Factor on Households’ Behavior Using DSGE Model
Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice, 2023 This study attempts to examine the behavior of households in the Iranian economy within the framework of a dynamic stochastic general equilibrium model with the changes made in the endogenous discount factor.
Izadi Hamid Reza
doaj +1 more source
Studies in Business and Economics, 2022 This paper attempts to present a model that can investigate and compare the effect of utility change on the dominant economy by defining different utility functions for households in which they perform to smooth their consumption paths in each period by ...
Hamidreza Izadi
doaj +1 more source
Examining the Equity Premium Puzzle in Iran: A Practical Approach Using a Dynamic Stochastic General Equilibrium Model [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2023 The equity premium is obtained from the difference between the return on the risky stock asset and the return on the risk-free asset; the failure of financial theory to explain high equity premium is known as the equity premium puzzle.
Sahar Zare Joneghani +3 more
doaj +1 more source
Empirical Models of General Economic Equilibrium [PDF]
Пространственная экономика, 2014 The article considers possibilities and limitations of empirical models of general economic equilibrium and gives their classification. The author divides computable models of general economic equilibrium into two groups: the first one is based on a ...
Dmitriy Aleksandrovich Izotov
doaj +1 more source
Money and Monetary Policy in Dynamic Stochastic General Equilibrium Models [PDF]
SSRN Electronic Journal, 2007 We compare two methods of motivating money in New Keynesian dynamic stochastic general equilibrium models—money‐in‐the‐utility function and the cash‐in‐advance (CIA) constraint—as well as two ways of modelling monetary policy: the interest rate feedback rule and money growth rules.
Bhattacharjee, Arnab +1 more
openaire +2 more sources