Empirical Models of General Economic Equilibrium [PDF]
Prostranstvennaâ Èkonomika, 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
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Optimization of warehousing and transportation costs, in a multi-product multi-level supply chain system, under a stochastic demand [PDF]
International Journal for Simulation and Multidisciplinary Design Optimization, 2010 The centralized management approach provides a general view to set a better coordination between the elements of the supply chain, and look for the equilibrium between the stock and the shipped quantities.
Tikito K. +3 more
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Selfish routing equilibrium in stochastic traffic network: A probability-dominant description. [PDF]
PLoS ONE, 2017 This paper suggests a probability-dominant user equilibrium (PdUE) model to describe the selfish routing equilibrium in a stochastic traffic network. At PdUE, travel demands are only assigned to the most dominant routes in the same origin-destination ...
Wenyi Zhang +3 more
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Methods to estimate dynamic stochastic general equilibrium models [PDF]
Journal of Economic Dynamics and Control, 2007 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Teaching DSGE models to undergraduates
EconomiA, 2018 This paper puts forward a systematic approach to teaching simple dynamic stochastic general equilibrium (DSGE) models to undergraduates. It proceeds in the following way: first, the structural model of the economy, which includes the households’ and ...
Celso J. Costa Junior +1 more
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Evaluation of Stackelberg Leader-Follower Interaction Between Policymakers in Small Open Economies
Ekonomika, 2021 The problem of coordination between policymakers seems to have created fundamental problems related to economic and social costs, targeted inflation, potential growth, and a high budget deficit.
Metin Tetik, Reşat Ceylan
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Can Shocks to Risk Aversion Explain Business Cycle Fluctuations in Bulgaria (1999–2019)?
Managing Global Transitions, 2021 Stochastic risk aversion is introduced into a dynamic general-equilibrium setup augmented with government. The theoretical framework is calibrated to Bulgarian data for the period 1999–2019.
Aleksandar Vasilev
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Modelling the impact of external shocks on economy of Ukraine: DSGE approach
Ekonomika, 2016 The paper explores the dynamic stochastic general equilibrium model to study the impact of external shocks on the economy of Ukraine. The dynamic stochastic general equilibrium model is constructed for a small open economy that includes households, firms
Olena Bazhenova, Yuliya Bazhenova
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Solving Monetary (MIU) models with Linearized Euler Equations: Method of Undetermined Coefficients [PDF]
International Journal of Research in Industrial Engineering, 2017 This paper attempts to solve a benchmark money in utility model by first order Taylor approximation to the policy function. After a brief summary of recent development in first order Taylor approximation in solving dynamic stochastic general equilibrium ...
S.F. Fakhrehosseini, Meysam kaviani
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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
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