Results 11 to 20 of about 185,534 (230)
New directions in stabilisation policies
PSL Quarterly Review, 2012 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
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Is Economics an Empirical Science? If not, can it become one?
Frontiers in Applied Mathematics and Statistics, 2015 Today’s mainstream economics, embodied in Dynamic Stochastic General Equilibrium (DSGE) models, cannot be considered an empirical science in the modern sense of the term: it is not based on empirical data, is not descriptive of the real-world economy ...
Sergio Mario Focardi +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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Implications of real and nominal shocks on macroeconomic variables under fixed exchange rate Regime: the FTPL approach [PDF]
اقتصاد باثباتIn this article, the effects of productivity, foreign prices and oil exports shocks on the main variables including production and consumption were investigated, in a small open economy and in a situation where the country has adopted a policy of ...
Mohamad Feghhi Kashani +2 more
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Entropy, 2014 Advances in neuroscience have been closely linked to mathematical modeling beginning with the integrate-and-fire model of Lapicque and proceeding through the modeling of the action potential by Hodgkin and Huxley to the current era.
Wassim M. Haddad +2 more
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Macroeconometric Modelling with a Global Perspective [PDF]
, 2006 This paper provides a synthesis and further development of a global modelling approach introduced in Pesaran, Schuermann and Weiner (2004), where country specific models in the form of VARX* structures are estimated relating a vector of domestic ...
M. Hashem Pesaran, Ron Smith
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Causal theories, models and evidence in economics—some reflections from the natural sciences
Cogent Economics & Finance, 2017 Models have been extensively analysed in economic methodology, notably their degree of ability to provide explanations. This paper takes a complementary, comparative approach, examining theory development in the natural sciences.
Michael Joffe
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ŒconomiaThe American Keynesian economist and Nobel laureate James Tobin entitled his contribution to the inaugural issue of Journal of Money, Credit and Banking “A General Equilibrium Approach to Monetary Theory” (1969) yet he was sharply critical of the version
Robert W. Dimand
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AerospaceIn this paper, a full-domain stochastic response analysis is performed based on the meshless method to reveal the time–frequency dynamic characteristics, including the power spectral density (PSD) responses in the frequency domain and the evolving PSD ...
Ningze Sun +3 more
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Estimating DSGE Model with Zero Real Interest Rate Policy on Iran's Economy [PDF]
سیاستگذاری اقتصادیPurpose: The Central Bank, as the organ in charge of monetary policies, implements those policies that achieve the selected final goals. In order to achieve these goals, central banks usually use a mechanism.
Ali Nazari +3 more
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