Results 71 to 80 of about 209,905 (205)
ŒconomiaThe American Keynesian economist and Nobel laureate James Tobin entitled his contribution to the inaugural issue of Journal of Money, Credit and Banking “A General Equilibrium Approach to Monetary Theory” (1969) yet he was sharply critical of the version
Robert W. Dimand
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Fiscal rules and monetary policy in a dynamic stochastic general equilibrium model [PDF]
In this paper an anti-cyclical fiscal policy rule is introduced into a dynamic stochastic general equilibrium model with New-Keynesian features. The rule allows the deficit to deviate from target in proportion to the impact of automatic stabilisers while
Kremer, Jana
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Financial Shocks and Labour Market Fluctuations with Financial Frictions [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2014 The financial crisis of 2007 showed that the impact of financial markets on macroeconomic developments is deep. The labor market was affected by financial variables.
Asadollah Farzin Vash +2 more
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Block Recursive Equilibria for Stochastic Models of Search on the Job [PDF]
In this paper, we develop a general stochastic model of directed search on the job. Analogous to models of random search on the job, the state of the economy in our model includes the infinite-dimensional distribution of workers across different ...
Guido Menzio, Shouyong Shi
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This paper establishes existence of a stationary Markov perfect equilibrium in general stochastic games with noise a component of the state that is nonatomically distributed and not directly affected by the previous periods state and actions.
John Duggan
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Evaluating Asset Pricing Implications of DSGE Models [PDF]
This paper conducts an econometric evaluation of structural macroeconomic asset pricing models. A one-sector dynamic stochastic general equilibrium model (DSGE) with habit formation and capital adjustment costs is considered.
Frank Schorfheide, Kevin L. Reffett
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SIR Epidemic Model with General Nonlinear Incidence Rate and Lévy Jumps
MathematicsThis article proposes a stochastic SIR model with general nonlinear incidence and Lévy jumps, which is used to describe diseases spreading in human populations.
Shuang Li
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Using the Kalman filter to smooth the shocks of a dynamic stochastic general equilibrium model [PDF]
This paper shows how to use the Kalman filter (Kalman 1960) to back out the shocks of a dynamic stochastic general equilibrium model. In particular, we use the smoothing algorithm as described in Hamilton (1994) to estimate the shocks of a sticky-prices ...
Andy Bauer +2 more
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Conditional Exchange Rate Pass-Through to Consumer Prices in Iran: A DSGE Approach [PDF]
پژوهشهای اقتصادی, 2018 The main goal of this paper is to analyze the exchange rate pass-through, the relationship between exchange rate and prices, provided that a shock occurs and changes exchange rate and prices.
Matin Sadat Borghei, Teimoor Mohammadi
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Monetary Policy, Rule-of-Thumb Consumers and External Habits: An International Comparison [PDF]
This paper extends the standard New Keynesian dynamic stochastic general equilibrium (DSGE) model to agents who cannot smooth consumption (i.e. spenders) and are affected by external consumption habits. Although these assumptions are not new, their joint
Giovanni Di Bartolomeo +2 more
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