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The Credit Spread and U.S. Business Cycles [PDF]

, 2011
In this paper, we construct a dynamic stochastic general equilibrium model in order to investigate the impact of credit spread shocks on the U.S. business cycle.
Lee, Junsang, Otsu, Keisuke
core   +1 more source

Targeting inflation and the fiscal balance : what is the optimal policy mix? [PDF]

This paper identifies optimal policy rules in the presence of explicit targets for both the inflation rate and public debt. This issue is investigated in the context of a dynamic stochastic general equilibrium model that describes a small open economy ...
Marcela Meirelles Aurelio
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Productivity, energy prices, and the Great Moderation: a new link [PDF]

We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a joint stochastic process for the energy price and TFP and establish that until the second quarter of 1982, energy prices negatively ...
Karsten Jeske, Pedro Silos, Rajeev Dhawan   +2 more
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Forecast with judgment and models [PDF]

This paper proposes a simple and model-consistent method for combining forecasts generated by structural micro-founded models and judgmental forecasts. The method also enables the judgmental forecasts to be interpreted through the lens of the model.
Francesca Monti
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A Panel Data Analysis of the Brain Gain [PDF]

This paper casts the Belgian Great Depression of the 1930s within a dynamic stochastic general equilibrium (DSGE) framework. Results show that a total factor productivity shock within a standard real business cycle model is unsatisfactory.
Cecily, DEFOORT, Frédéric, DOCQUIER, Michel, BEINE   +2 more
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Macroeconomic consequences of alternative reforms to the health insurance system in the United States

International Studies of Economics
This paper presents a dynamic general equilibrium model designed to examine the macroeconomic effects and welfare implications of alternative reforms to the US health insurance system.
Zhigang Feng
doaj   +1 more source

Monetary policy analysis with potentially misspecified models [PDF]

The paper proposes a novel method for conducting policy analysis with potentially misspecified dynamic stochastic general equilibrium (DSGE) models and applies it to a New Keynesian DSGE model along the lines of Christiano, Eichenbaum, and Evans (JPE ...
Frank Schorfheide, Marco Del Negro
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Impulse response identification in DSGE models [PDF]

Dynamic stochastic general equilibrium (DSGE) models have become a widely used tool for policymakers. This paper modifies the global identification theory used for structural vector autoregressions, and applies it to DSGE models.
Martin Fukac
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Matching Theory and Data: Bayesian Vector Autoregression and Dynamic Stochastic General Equilibrium Models [PDF]

This paper shows how to identify the structural shocks of a Vector Autore- gression (VAR) while at the same time estimating a dynamic stochastic general equilibrium (DSGE) model that is not assumed to replicate the data generating process.
Alexander Kriwoluzky
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Financial (in)stability, supervision and liquidity injections : a dynamic general equilibrium approach [PDF]

This paper develops a dynamic stochastic general equilibrium model with interactions between an heterogeneous banking sector and other private agents. We introduce endogenous default probabilities for both firms and banks, and allow for bank regulation ...
Abdelaziz Rouabah, Gregory de Walque, Olivier Pierrard   +2 more
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