Results 181 to 190 of about 225,274 (228)

Likelihood ratio testing in linear state space models: An application to dynamic stochastic general equilibrium models

, 2020
This paper considers the problem of hypothesis testing in linear Gaussian state space models. We consider two hypotheses of interest: a simple null and a hypothesis of explicit parameter restrictions.
Ivana Komunjer, Yinchu Zhu
semanticscholar   +1 more source

Solution Strategies of Dynamic Stochastic General Equilibrium (DSGE) Models

SSRN Electronic Journal, 2023
DSGE models are the main tool for analysing various questions in problems of monetary, business cycle theory and fiscal policy problems, growth and other fields in international macroeconomics and macroeconomics. Many macroeconomic publications use the DSGE framework. A consensus has been reached on the methodology for using such kind of model.
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Money Shock in Dynamic Stochastic General Equilibrium Models

2009 Second International Workshop on Knowledge Discovery and Data Mining, 2009
Based on the China economy data 1996-2005, two issues are addressed in this paper. First, we examine the ability of the DSGE model to describe stylized facts about China economy. The model succeeds to replicate the variability observed in 1996-2005. Second, we compare two methods of motivating money in DSGE Model.
Liu Yang, Li Li
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Endogenous innovation under New Keynesian dynamic stochastic general equilibrium model [PDF]

Economics of Innovation and New Technology, 2018
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.
Tsutomu Harada
semanticscholar   +2 more sources

Boggem: A Dynamic Stochastic General Equilibrium Model for Policy Simulations [PDF]

SSRN Electronic Journal, 2014
This paper presents the theoretical foundations and dynamic properties of a dynamic stochastic general equilibrium (DSGE) model designed for quantitative policy analysis and counterfactual exercises. The approach of the paper can be summarized as follows. First, we present the model’s theoretical framework and building blocks.
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System reduction of dynamic stochastic general equilibrium models solved by gensys

Economics Letters, 2021
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Lee, Jae Won, Park, Woong Yong
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ASSET PRICING IN DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODELS WITH INDETERMINACY

Macroeconomic Dynamics, 2007
We explore asset pricing in the context of the one-sector Benhabib-Farmer-Guo (BFG) model with increasing returns to scale in production and compare our results with financial implications of the standard dynamic stochastic general equilibrium (DSGE) model.
Gershun, Natalia, Harrison, Sharon G.
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Information Aggregation in a Dynamic Stochastic General Equilibrium Model

NBER Macroeconomics Annual, 2015
We introduce the information microstructure of a canonical noisy rational expectations model (Hellwig 1980) into the framework of a conventional real businesscycle model. Each household receives a private signal about future productivity. In equilibrium, the stock price serves to aggregate and transmit this information.
Tarek A. Hassan, Thomas M. Mertens
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Estimating a dynamic stochastic general equilibrium model for Japan

Journal of the Japanese and International Economies, 2008
We estimate a medium-scale dynamic stochastic general equilibrium model of the Japanese economy following Christiano et al. [Christiano, L., Eichenbaum, M., Evans, C., 2005. Nominal rigidities and the dynamic effects of a shock to monetary policy. J. Polit. Economy 113 (1), 1–45].
Tomohiro Sugo, Kozo Ueda
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An estimated dynamic stochastic general equilibrium model for Estonia [PDF]

, 2009
This paper presents an estimated open economy dynamic stochastic general equilibrium model for Estonia. The model is designed to highlight the main driving forces behind the Estonian business cycle and to understand how euro area economic shocks and its monetary policy affect the small open economy of Estonia. The model described in this paper is a two-
Paolo Gelain, Dmitry Kulikov
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