Results 31 to 40 of about 225,274 (228)
Analyzing Data Revisions with a Dynamic Stochastic General Equilibrium Model [PDF]
SSRN Electronic Journal, 2014 We use a structural dynamic stochastic general equilibrium model to investigate how initial data releases of key macroeconomic aggregates are related to final revised versions and how identified aggregate shocks influence data revisions. The analysis sheds light on how well preliminary data approximate final data and on how policy makers might ...
Croushore, Dean, Sill, Keith
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On the Low Degree of Entropy Implied by the Solutions of Modern Macroeconomic Models
Entropy, 2022 The non-causal (“forward-looking”) solution used routinely in academic macroeconomics may represent a violation of a law of entropy, namely that the direction of time is one way (from the past and towards the present), and that the variance of economic ...
Ragnar Nymoen
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Transformed Perturbation Solutions for Dynamic Stochastic General Equilibrium Models [PDF]
SSRN Electronic Journal, 2019 Despite the recent introduction of novel solution methods for Dynamic Stochastic General Equilibrium (DSGE), perturbation methods are still among the most popular and widely used solution techniques for DSGE models. Unfortunately, nonlinear perturbation solutions produce paths with stochastic properties that invalidate the econometric analysis.
Blasques, Francisco, Nientker, Marc
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Economies, 2022 Dynamic Stochastic General Equilibrium (DSGE) models are widely used as a tool for policy decision-making. These models lost their fame when they could not predict the crisis in 2008 and could not address policy problems afterward.
Ayesha Zehra, Amena Urooj
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Analysing Social Epidemics by Delayed Stochastic Models
Discrete Dynamics in Nature and Society, 2012 We investigate the dynamics of a delayed stochastic mathematical model to understand the evolution of the alcohol consumption in Spain. Sufficient condition for stability in probability of the equilibrium point of the dynamic model with aftereffect and ...
Francisco-José Santonja +1 more
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Assessing Brazilian macroeconomic dynamics using a Markov-switching DSGE model
EconomiA, 2016 The goal of this paper is to evaluate the behavior of the main parameters of the Brazilian economy through the estimation of an open-economy dynamic stochastic general equilibrium (DSGE) model using Bayesian methods and allowing for Markov switching of ...
Caio César Soares Gonçalves +2 more
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A Comparison of the Macroeconomic Effects of Increased Defence Spending in Poland and Germany
Comparative Economic Research, 2023 The aim of the article is to quantify and compare the macroeconomic effects of defence spending in the Polish and German economies. Estimating these effects is of particular importance in the context of the substantial increase in defence expenditures in
Piotr Krajewski, Katarzyna Piłat
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Highly Skilled International Migration, STEM Workers, and Innovation
Economics: Journal Articles, 2022 This article studies the implications of highly skilled labor international migration in a two-country dynamic stochastic general equilibrium model.
Bongers Anelí +2 more
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Immunity in the ABM-DSGE Framework for Preventing and Controlling Epidemics—Validation of Results
Entropy, 2022 The COVID-19 pandemic has raised many questions on how to manage an epidemiological and economic crisis around the world. Since the beginning of the COVID-19 pandemic, scientists and policy makers have been asking how effective lockdowns are in ...
Jagoda Kaszowska-Mojsa +2 more
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Multi-Agent-Based Macroeconomic Modelling
Theory, Methodology, Practice, 2019 Macroeconomic modelling emerged at the end of the 20th century and by the first decade of the 21st century it had been widely accepted. However, the financial crisis of 2007 followed by the real economy crisis exposed the weaknesses of dynamic stochastic
Sándor Karajz
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