Results 91 to 100 of about 225,274 (228)
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
core
Financial Shocks, Financial Frictions and Financial Intermediaries in DSGE Models: Comments on the Recent Literature [PDF]
The aim of this work is to compare and contrast different ways of modeling financial shocks and financial intermediaries in the Dynamic Stochastic General Equilibrium models (DSGE models) and to discuss the empirical evidence on the importance of ...
Arend, Mario
core +1 more source
Computing DSGE Models with Recursive Preferences [PDF]
This paper compares different solution methods for computing the equilibrium of dynamic stochastic general equilibrium (DSGE) models with recursive preferences such as those in Epstein and Zin (1989 and 1991).
Dario Caldara +3 more
core
Structural macro-econometric modelling in a policy environment [PDF]
In this paper we review the evolution of macroeconomic modelling in a policy environment that took place over the past sixty years. We identify and characterise four generations of macro models.
Adrian Pagan, Martin Fukac
core
The Econometrics of DSGE Models [PDF]
In this paper, I review the literature on the formulation and estimation of dynamic stochastic general equilibrium (DSGE) models with a special emphasis on Bayesian methods.
Jesús Fernández-Villaverde
core
Bayesian analysis of DSGE models [PDF]
This paper reviews Bayesian methods that have been developed in recent years to estimate and evaluate dynamic stochastic general equilibrium (DSGE) models.
Frank Schorfheide, Sungbae An
core
GDP at risk in a DSGE model: an application to banking sector stress testing [PDF]
We suggest a complementary tool for financial stability analysis based on stochastic simulation of a dynamic stochastic general equilibrium model (DSGE) of the macro economy. The paper relates to financial stability research in which financial aggregates
Jokivuolle, Esa +2 more
core
The reform of IMF quotas: the way towards the 2008 resolution [PDF]
Policy evaluation based on the estimation of dynamic stochastic general equilibrium models with aggregate macroeconomic time series rests on the assumption that a representative agent can be identified, whose behavioural parameters are independent of the
Andrea Colabella +2 more
core
Comment to "Weak instruments robust tests in GMM and the New Keynesian Phillips curve" by Frank Kleibergen and Sophocles Mavroeidis [PDF]
I discuss the identifiability of a structural New Keynesian Phillips curve when it is embedded in a small scale dynamic stochastic general equilibrium model.
Fabio Canova
core
The Great Increase in Relative Volatility of Real Wages in the United States [PDF]
This paper documents that over the past 25 years, aggregate hourly real wages in the United States have become substantially more volatile relative to output.
André Kurmann, Julien Champagne
core