Results 91 to 100 of about 209,905 (205)
The Great Increase in Relative Volatility of Real Wages in the United States [PDF]
This paper documents that over the past 25 years, aggregate hourly real wages in the United States have become substantially more volatile relative to output.
André Kurmann, Julien Champagne
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Asymmetric expectation effects of regime shifts and the Great Moderation [PDF]
The possibility of regime shifts in monetary policy can have important effects on rational agents' expectation formation and equilibrium dynamics. In a dynamic stochastic general equilibrium model where the monetary policy rule switches between a dovish ...
Daniel F. Waggoner, Tao Zha, Zheng Liu
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Economics and Climate Change: Integrated Assessment in a Multi-Region World [PDF]
This paper develops a model that integrates the climate and the global economy---an integrated assessment model---with which different policy scenarios can be analyzed and compared.
John Hassler, Per Krusell
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Weather Forecast Based Conditional Pest Management: A Stochastic Optimal Control Investigation [PDF]
In this paper, we examine conditional, forecast-based dynamic pest management in agricultural crop production given stochastic pest infestations and stochastic climate dynamics throughout the growing season.
Elbakidze, Levan, Lu, Liang
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An Interpretation of Fluctuating Macro Policies [PDF]
This paper estimates simple regime-switching rules for monetary policy and tax policy over the post-war period in the United States and imposes the estimated policy process on a standard dynamic stochastic general equilibrium model with nominal ...
Eric Leeper, Troy Davig
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Inflation and output dynamics with firm-owned capital [PDF]
We model firm-owned capital in a stochastic dynamic New-Keynesian general equilibrium model à la Calvo. We find that this structure implies equilibrium dynamics which are quantitatively di¤erent from the ones associated with a benchmark case where ...
Lutz Weinke, Tommy Sveen
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Capital Flows, Investment, and Exchange Rates [PDF]
This paper incorporates international capital flows into a two-country, monetary-general-equilibrium model of asset prices with investment and production.
Alan C. Stockman, Lars E.O. Svensson
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Non-stationary hours in a DSGE model [PDF]
The time series fit of dynamic stochastic general equilibrium (DSGE) models often suffers from restrictions on the long-run dynamics that are at odds with the data.
Frank Schorfheide +2 more
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Comment to "Weak instruments robust tests in GMM and the New Keynesian Phillips curve" by Frank Kleibergen and Sophocles Mavroeidis [PDF]
I discuss the identifiability of a structural New Keynesian Phillips curve when it is embedded in a small scale dynamic stochastic general equilibrium model.
Fabio Canova
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