برنامهریزی و بودجه, 2022 The trade-off between inflation and the output gap is different under each of the specifications of the Phillips curve, and therefore the optimal monetary policy will be different based on the assumption of each of these specifications.
Maryam Hematy
doaj
The impact of international sanctions on Iran's economy with an emphasis on the role of the National Development Fund: DSGE model approach [PDF]
سیاستگذاری اقتصادیPurpose: The negative effect of oil shocks on the economy is one of the main problems faced by oil-exporting countries. These countries have many energy resources, but they have to sell their raw materials and may eventually fall victim to the Dutch ...
Afsaneh Zareei +2 more
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Is There a Direct Effect of Money?: Money's Role in an Estimated Monetary Business Cycle Model of the Japanese Economy [PDF]
In this paper, I estimate the monetary business cycle model of the Japanese economy by the method advocated by Ireland (2002a), the max- imum likelihood estimation of the dynamic stochastic general equilibrium model in a state-space representation.
Ippei Fujiwara
core
Investigating the relationship and coordination between monetary and financial policies in the Iranian economy using the New Keynesian DSGE model [PDF]
سیاستگذاری اقتصادیPurpose: Validity of a policy to achieve the goal of sustainability is an important issue. Stability of expectations through monetary policy is successful when financial policies do not make expectations unstable.
Hedayat Mehralitabar +3 more
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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.
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The effects of the economic policy uncertainty shock on Iran's economy with the DSGE approach [PDF]
سیاستگذاری اقتصادیPurpose: Economic uncertainty is a situation in which the future economic environment is difficult to predict, and there is a high degree of risk or unknown issues involved.
Arash Yavarifar +2 more
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Monetary Dynamic Stochastic General Equilibrium Models and Inflation Persistence
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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Liquidity constraints, real estate regulation, and local government debt risks
Financial InnovationGiven the existence of real estate market bubbles and risks arising from high government debt, countries are faced with the challenge of preventing systemic risks.
Xiao-Li Gong +3 more
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Consumer confidence in dynamic stochastic general equilibrium model
, 2020 Predicting future is essential in the economics literature and the recent literature have focused on the importance of `animal spirits`, i.e., ideas, feelings of the agents in explaining economic activity. The thesis assumes that consumer behavior can be proxied by consumer confidence index (CCI).
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Measuring the Stance of Monetary Policy in a Closed Economy: A Dynamic Stochastic General Equilibrium Approach [PDF]
This paper develops and estimates a dynamic stochastic general equilibrium model of a closed economy which provides a quantitative description of the monetary transmission mechanism, yields a mutually consistent set of indicators of inflationary pressure
Vitek, Francis
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