Results 161 to 170 of about 209,905 (205)

Boggem: A Dynamic Stochastic General Equilibrium Model for Policy Simulations [PDF]

SSRN Electronic Journal, 2014
This paper presents the theoretical foundations and dynamic properties of a dynamic stochastic general equilibrium (DSGE) model designed for quantitative policy analysis and counterfactual exercises. The approach of the paper can be summarized as follows. First, we present the model’s theoretical framework and building blocks.
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System reduction of dynamic stochastic general equilibrium models solved by gensys

Economics Letters, 2021
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Lee, Jae Won, Park, Woong Yong
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ASSET PRICING IN DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODELS WITH INDETERMINACY

Macroeconomic Dynamics, 2007
We explore asset pricing in the context of the one-sector Benhabib-Farmer-Guo (BFG) model with increasing returns to scale in production and compare our results with financial implications of the standard dynamic stochastic general equilibrium (DSGE) model.
Gershun, Natalia, Harrison, Sharon G.
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Dynamic Stochastic General Equilibrium Models

2018
Dynamic Stochastic General Equilibrium (DSGE) models have become popular in macroeconomics, but the combination of nonlinear microeconomic behavior of the agents and model-consistent expectations raise intricate computational issues; this chapter reviews solution methods and estimation of DSGE models.
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Information Aggregation in a Dynamic Stochastic General Equilibrium Model

NBER Macroeconomics Annual, 2015
We introduce the information microstructure of a canonical noisy rational expectations model (Hellwig 1980) into the framework of a conventional real businesscycle model. Each household receives a private signal about future productivity. In equilibrium, the stock price serves to aggregate and transmit this information.
Tarek A. Hassan, Thomas M. Mertens
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Estimating a dynamic stochastic general equilibrium model for Japan

Journal of the Japanese and International Economies, 2008
We estimate a medium-scale dynamic stochastic general equilibrium model of the Japanese economy following Christiano et al. [Christiano, L., Eichenbaum, M., Evans, C., 2005. Nominal rigidities and the dynamic effects of a shock to monetary policy. J. Polit. Economy 113 (1), 1–45].
Tomohiro Sugo, Kozo Ueda
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An estimated dynamic stochastic general equilibrium model for Estonia [PDF]

, 2009
This paper presents an estimated open economy dynamic stochastic general equilibrium model for Estonia. The model is designed to highlight the main driving forces behind the Estonian business cycle and to understand how euro area economic shocks and its monetary policy affect the small open economy of Estonia. The model described in this paper is a two-
Paolo Gelain, Dmitry Kulikov
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The Scientific Foundation of Dynamic Stochastic General Equilibrium (DSGE) Models

Public Choice, 2010
DSGE-models provide a coherent framework of analysis. This coherence is brought about by restricting acceptable behavior of agents to dynamic utility maximization and rational expectations. The problem of the DSGE-models (and more generally of macroeconomic models based on rational expectations) is that they assume extraordinary cognitive capabilities ...
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Evaluating Dynamic Stochastic General Equilibrium Models using Likelihood [PDF]

, 2002
This paper develops a method that uses a likelihood approach to directly compare two or more non-nested dynamic, stochastic general equilibrium (DSGE) models. It is shown how DSGE models can be compared across the whole sample and how this measure can be decomposed across individual observations thus allowing models to be compared across any sub-sample
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Estimation errors in dynamic stochastic general equilibrium models.

2023
Universidad de Málaga. Campus de Excelencia Internacional Andalucía Tech.
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