K-DSGE: A Dynamic Stochastic General Equilibrium Model for Saudi Arabia
, 2020 This paper describes a dynamic stochastic general equilibrium (DSGE) model of the Saudi Arabian economy, developed by KAPSARC researchers. The K-DSGE model is to be used for simulations and experiments to assess the impact of economic reforms within the ...
Jorge Blázquez +4 more
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Evaluation of Fiscal Policy for Economy of Iran in a Dynamic Stochastic General Equilibrium Model based on Real Business Cycles [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2014 In this paper by using a dynamic stochastic general equilibrium model we study how macroeconomic variables are affected by different shocks using fiscal reaction functions for Iran’s economy.
Meysam Rafei +2 more
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Monetary Dynamic Stochastic General Equilibrium Models and Inflation Persistence [PDF]
MetroeconomicaABSTRACTThe paper investigates the capacity of New Keynesian (NK) models to explain inflation persistence without relying on ad hoc backwards‐looking mechanisms or external source of inertia. It explores various features of NK models– such as sticky wages, roundabout production structure, positive trend inflation, and monetary policy inertia– that ...
Salaheddine El Omari, Jalal Qanas
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Transformed Perturbation Solutions for Dynamic Stochastic General Equilibrium Models [PDF]
SSRN Electronic Journal, 2019 Despite the recent introduction of novel solution methods for Dynamic Stochastic General Equilibrium (DSGE), perturbation methods are still among the most popular and widely used solution techniques for DSGE models. Unfortunately, nonlinear perturbation solutions produce paths with stochastic properties that invalidate the econometric analysis.
Blasques, Francisco, Nientker, Marc
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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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Endogenous innovation under New Keynesian dynamic stochastic general equilibrium model [PDF]
Economics of Innovation and New Technology, 2017 This paper constructs an endogenous growth model using the framework of New Keynesian dynamic stochastic general equilibrium models. We incorporate the Schumpeterian approach that generates seemingly sticky prices and reinterpret the Calvo mechanism from the perspective of Bertrand competition and successful entrepreneurs.
Tsutomu Harada
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Dynamic stochastic general equilibrium models with money, default and collateral
, 2016 This D.Phil. dissertation investigates the areas in financial stability. The three comprising essays have a common ground: money, default and collateral in the theory of finance. Chapter Two (co-authored with Prof. Dimitrios Tsomocos), which is titled “A Dynamic General Equilibrium Model to Analyse Financial Stability”, aims to refine and improve ...
Kwangwon Ahn
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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
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