Results 111 to 120 of about 225,274 (228)

A Sunspot Paradox [PDF]

open access: yes
Calibrated models of the business cycle typically assume a certain frequency at which economic agents take decisions. In this paper I show that the local stability properties of dynamic stochastic general equilibrium macro models may depend on the length
Hintermaier, Thomas
core  

Discrete monetary policy changes and changing inflation targets in estimated dynamic stochastic general equilibrium models [PDF]

open access: yes
Many estimated macroeconomic models assume interest rate smoothing in the monetary policy equation. In practice, monetary policymakers adjust a target level for the federal funds rate by discrete increments.
Anatoliy Belaygorod, Michael J. Dueker
core  

Adaptive microfoundations for emergent macroeconomics [PDF]

open access: yes
In this paper we present the basics of a research program aimed at providing microfoundations to macroeconomic theory on the basis of computational agentbased adaptive descriptions of individual behavior.
Domenico Delli Gatti   +3 more
core  

Posterior Predictive Analysis for Evaluating DSGE Models [PDF]

open access: yes
In this paper, we develop and apply certain tools to evaluate the strengths and weaknesses of dynamic stochastic general equilibrium (DSGE) models. In particular, this paper makes three contributions: One, it argues the need for such tools to evaluate ...
Faust, Jon, Gupta, Abhishek
core   +1 more source

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