An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area [PDF]
Journal of the European Economic Association, 2002 This paper develops and estimates a dynamic stochastic general equilibrium (DSGE) model with sticky prices and wages for the euro area. The model incorporates various other features such as habit formation, costs of adjustment in capital accumulation and variable capacity utilisation.
Frank Smets, Raf Wouters
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Data cloning: Maximum likelihood estimation of DSGE models
Results in Applied Mathematics, 2020 We present evidence supporting the use of the data cloning method for maximum likelihood estimation of Dynamic Stochastic General Equilibrium models.
Luiz Gustavo C. Furlani +2 more
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Sankey diagrams for macroeconomics: A teaching complement bridging undergraduate and graduate Macro
Heliyon, 2022 There is a widespread call in the academy to teach macroeconomics more homogeneously at the graduate and undergraduate levels. Current state-of-the-art research in macroeconomics obliges teachers of graduate courses to focus on dynamic stochastic general
Gonzalo F. de-Córdoba +1 more
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Teaching DSGE models to undergraduates
EconomiA, 2018 This paper puts forward a systematic approach to teaching simple dynamic stochastic general equilibrium (DSGE) models to undergraduates. It proceeds in the following way: first, the structural model of the economy, which includes the households’ and ...
Celso J. Costa Junior +1 more
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Some aspects of construction and use of dynamic stochastic general equilibrium (DSGE) models
Вестник Пермского университета: Серия Экономика, 2016 The article deals with practical aspects of constructing dynamic stochastic general equilibrium models (DSGE). A basic model of the real business cycle theory (RBC) is considered.
Dmitriy Nikolaevich Shults +1 more
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Œconomia, 2023 According to its creator Michel Juillard, Dynare is a “pre-processor and a collection of routines” aimed at solving and estimating non-linear rational expectation models.
Béatrice Cherrier +2 more
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MONETARY POLICY OPTIMIZATION BASED ON THE DSGE MODEL OF KAZAKHSTAN'S ECONOMY
Хабаршысы. Экономика сериясы, 2019 The model describes the economy in the short term (excluding investments), in the case of inflation targeting policy and represents a system of 15 linearized equations for key macroeconomic indicators of the main economy sectors: households ...
D.Shults, A.Kyssykov
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IS INTERNATIONAL MONETARY POLICY COORDINATION FEASIBLE FOR THE ASEAN-5 + 3 COUNTRIES?
Buletin Ekonomi Moneter dan Perbankan, 2023 We examine the feasibility of international monetary policy coordination among the ASEAN-5 + 3 countries using the two-production-factor Dynamic Stochastic General Equilibrium (DGSE) models.
Eric Alexander Sugandi
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Entropy, 2020 The ongoing COVID-19 pandemic has raised numerous questions concerning the shape and range of state interventions the goals of which are to reduce the number of infections and deaths.
Jagoda Kaszowska-Mojsa +1 more
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Evaluating the role of intellectual capital in the effect of the productivity impulse on macroeconomic components: the approach of the dynamic equilibrium financial model with an emphasis on recursive preferences [PDF]
جستارهای اقتصادی, 2021 In view of the limitations of recent modeling in Iran's economy, especially in financial economics, where behaviors contrary to economic theories had observed, the gap of participation of intellectual capital in economic models is significant, likewise ...
Fereshte Baghbanzade, Hashem Zare
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