Results 61 to 70 of about 225,274 (228)
Country portfolios in open economy macro models [PDF]
This paper develops a simple approximation method for computing equilibrium portfolios in dynamic general equilibrium open economy macro models. The method is widely applicable, simple to implement, and gives analytical solutions for equilibrium ...
Alan Sutherland, Michael B. Devereux
core
Beyond the DSGE Straitjacket [PDF]
, 2011 Academic macroeconomics and the research department of central banks have come to be dominated by Dynamic, Stochastic, General Equilibrium (DSGE) models based on micro-foundations of optimising representative agents with rational expectations.
Pesaran, M Hashem, Smith, Ron P
core +2 more sources
Informal Labour and Credit Markets: A Survey [PDF]
This paper reviews the literature on the informal economy, focusing first on empirical findings and then on existing approaches to modelling informality within both partial and general equilibrium environments. We concentrate on labour and credit markets,
Emanuela Lotti +3 more
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Analysis of the Impact of Banking System's Balance Sheet Shocks on Output and Inflation in Iranian Economy [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2014 Banking industry is the most important type of financial intermediaries in Iran which, by sound organization and management of its resources and their use, can provide grounds for economic growth and prosperity.
Soheila Parvin +2 more
doaj
Cointegration and Error Correction Mechanisms for Singular Stochastic Vectors
Econometrics, 2020 Large-dimensional dynamic factor models and dynamic stochastic general equilibrium models, both widely used in empirical macroeconomics, deal with singular stochastic vectors, i.e., vectors of dimension r which are driven by a q-dimensional white noise ...
Matteo Barigozzi +2 more
doaj +1 more source
Dynamic models with non clearing markets [PDF]
This article studies a new class of models which synthesize the two traditions of general equilibrium with nonclearing markets and imperfect competition on the one hand, and dynamic stochastic general equilibrium (DSGE) models on the other hand.
Jean-Pascal Bénassy
core
New directions in stabilisation policies
PSL Quarterly Review, 2004 Recently, a new class of macroeconomic business cycle models has emerged. Stochastic dynamic general equilibrium models with rational expectations originally employed by RBC researchers are combined with nominal rigidities and imperfect competition ...
Ralf Fendel
doaj
Higher Order Approximations of Indeterminacy [PDF]
This paper lays out an algorithm that computes accurate second order solutions for dynamic stochastic general equilibrium models that are subject to indeterminacy of rational expectations.sunspot equilibria, second order approximation ...
Mark Weder
core
Linear-quadratic approximation, external habit and targeting rules [PDF]
We examine the linear-quadratic (LQ) approximation of non-linear stochastic dynamic optimization problems in macroeconomics, in particular for monetary policy.
Levine, Paul +2 more
core
Monetary and fiscal policies in Brazil and the behavioral approach [PDF]
EconomiAPurpose – This study aims to elucidate the dynamics of monetary and fiscal policy interactions in Brazil, focusing on the impacts of positive shocks in government consumption and interest rates.
Raphael José Pereira Freitas
doaj +1 more source