Using DSGE and Machine Learning to Forecast Public Debt for France
ABSTRACT Forecasting public debt is essential for effective policymaking and economic stability, yet traditional approaches face challenges due to data scarcity. While machine learning (ML) has demonstrated success in financial forecasting, its application to macroeconomic forecasting remains underexplored, hindered by short historical time series and ...
Emmanouil Sofianos +4 more
wiley +1 more source
Modern Monetary Theory: A Solid Theoretical Foundation of Economic Policy? [PDF]
Prinz AL, Beck H.
europepmc +1 more source
DSGE Model Forecasting: Rational Expectations Versus Adaptive Learning
ABSTRACT This paper compares within‐sample and out‐of‐sample fit of a DSGE model with rational expectations to a model with adaptive learning. The Galí, Smets, and Wouters model is the chosen laboratory using quarterly real‐time euro area data vintages, covering 2001Q1–2019Q4.
Anders Warne
wiley +1 more source
A Keynesian perspective on the health economics of kidney transplantation would strengthen the value of the whole organ donation and transplantation service. [PDF]
Leonardis F +10 more
europepmc +1 more source
Cash Heterogeneity and the Payout Channel of Monetary Policy
ABSTRACT This paper provides novel empirical evidence that cash‐rich firms have higher equity payouts and higher stock prices in response to expansionary monetary policy surprises. Stock prices rise despite weak cash‐flow, investment, and credit responses to monetary policy.
ALTAN PAZARBAŞI
wiley +1 more source
Fractured? Yes. Reconfigured? Maybe. Unified? Unlikely
ABSTRACT Since its appearance in a 2013 book, the “fractured elite” thesis—the claim that the corporate community in the United States and other developed societies has become increasingly fragmented in recent decades—has been the source of considerable controversy.
Mark S. Mizruchi
wiley +1 more source
Rationality, inequality, and the output gap: evidence from a disaggregated Keynesian cross diagram
Abstract This paper examines the conditions under which a representative agent (RA) model can accurately approximate the output of a multi-agent model that assumes many interacting agents. The study compares the widely used Keynesian cross diagram, which employs a representative agent, to an extended model that explicitly considers multiple ...
openaire +2 more sources
Intratemporal elasticity of substitution between private and public consumption: new evidence and implications. [PDF]
Francois JN, Keinsley A.
europepmc +1 more source
Inequality, fiscal policy and COVID19 restrictions in a demand-determined economy. [PDF]
Auerbach AJ, Gorodnichenko Y, Murphy D.
europepmc +1 more source
A framework for the analysis of self-confirming policies. [PDF]
Battigalli P +4 more
europepmc +1 more source

