On Concurrent Solutions in Differential Games
Business Systems Research, 2011 We examine solutions in which neither player is worse off from the leadership of one in a policy maker-public game. The loop model of dynamic games is used. Outcome space is dotted with equivalence classes of solutions.
Romar Correa
doaj
A review of nonfundamentalness and identification in structural VAR models [PDF]
We review, under a historical perspective, the development of the problem of nonfundamentalness of Moving Average (MA) representations of economic models.
Alessi, Lucia +2 more
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Kalman filtering with truncated normal state variables for Bayesian estimation of macroeconomic models [PDF]
A pair of simple modifications-in the forecast error and forecast error variance-to the Kalman filter recursions makes possible the filtering of models in which one or more state variables is truncated normal and latent.
Michael Dueker
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Consumer confidence in dynamic stochastic general equilibrium model
, 2020 Predicting future is essential in the economics literature and the recent literature have focused on the importance of `animal spirits`, i.e., ideas, feelings of the agents in explaining economic activity. The thesis assumes that consumer behavior can be proxied by consumer confidence index (CCI).
openaire +1 more source
Maximum likelihood in the frequency domain: the importance of time-to-plan [PDF]
The authors illustrate the use of various frequency-domain tools for estimating and testing dynamic, stochastic, general-equilibrium models. Their substantive results confirm other findings that suggest that time-to-plan in investment technology has a ...
Lawrence J. Christiano +1 more
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Modelos de equilibrio general dinámicos y estocásticos para Colombia 1995 – 2011
Ecos de Economía, 2011 Este documento presenta una revisión cronológica de los Modelos de Equilibrio General Dinámicos y Estocásticos (DSGE) desde 1995 hasta el 2011 desarrollados para la economía colombiana.
Ramiro Rodríguez Revilla
doaj
Forecasting with estimated dynamic stochastic general equilibrium models: The role of nonlinearities [PDF]
In this paper we study the e®ects of nonlinearities on the forecast- ing performance of a dynamic stochastic general equilibrium model. We compute ¯rst and second-order approximations to a New Keyne- sian monetary model, and use arti¯cial data to ...
Paul Pichler
core
DSGE Estimation Using Generalized Empirical Likelihood and Generalized Minimum Contrast
EntropyWe investigate the performance of estimators of the generalized empirical likelihood and minimum contrast families in the estimation of dynamic stochastic general equilibrium models, with particular attention to the robustness properties under ...
Gilberto Boaretto +1 more
doaj +1 more source
Block Recursive Equilibria for Stochastic Models of Search on the Job [PDF]
In this paper, we develop a general stochastic model of directed search on the job. Analogous to models of random search on the job, the state of the economy in our model includes the infinite-dimensional distribution of workers across different ...
Guido Menzio, Shouyong Shi
core
Reading the recent monetary history of the U.S., 1959-2007 [PDF]
The authors report the results of the estimation of a rich dynamic stochastic general equilibrium model of the U.S. economy with both stochastic volatility and parameter drifting in the Taylor rule.
Jesus Fernández-Villaverde +2 more
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