Search Results - subject:"Dynamic Equilibrium"

Filtering with limited information

Drautzburg, Thorsten; Fernández-Villaverde, Jesús; … - 2024

Persistent link: https://www.econbiz.de/10015078607

Policy uncertainty in the market for coal electricity : the case of air toxics standards

Gowrisankaran, Gautam; Langer, Ashley; Zhang, Wendan - 2024

Persistent link: https://www.econbiz.de/10015080655

Filtering with limited information

Drautzburg, Thorsten; Fernández-Villaverde, Jesús; … - 2024

We propose a new tool to filter non-linear dynamic models that does not require the researcher to specify the model fully and can be implemented without solving the model. If two conditions are satisfied, we can use a flexible statistical model and a known measurement equation to back out the...

Persistent link: https://www.econbiz.de/10014632399

Nature and causes of economic fluctuations : evidence from the U.S. based on a nonlinear autoregressive integrated process

Li, Xiang; He, Zonglu - In: International journal of empirical economics 2 (2023) 3, pp. 1-21

-generating mechanism for U.S. economic indicators shifts from a stable fixed point (dynamic equilibrium) in the supply-side economy to an … partial dynamic equilibrium of the supply-side economy. The low resilience of the demand-side economy allows for the … investment shocks to the economic resistance coefficient. A general dynamic equilibrium economy maximizes growth from investment …

Persistent link: https://www.econbiz.de/10014430575

Germany's macroeconomic drivers during the pandemic and inflation surge

Hohberger, Stefan - In: International economics and economic policy 22 (2025) 1, pp. 1-49

Persistent link: https://www.econbiz.de/10015188994

Optimal government spending in a collateral-constrained small open economy

Hamano, Masashige; Murakami, Yuki - 2025

Persistent link: https://www.econbiz.de/10015190552

Market-based climate policy with fluctuating fossil energy prices

Blanz, Alkis; Eydam, Ulrich; Heinemann, Maik; Kalkuhl, … - In: Economic modelling 144 (2025), pp. 1-12

Persistent link: https://www.econbiz.de/10015193863

Relative risk aversion and business fluctuations

Hashimoto, Ken'ichi; Im, Ryonghun; Kunieda, Takuma; … - 2025

By applying a simple dynamic general equilibrium model without exogenous shocks inhabited by infinitely lived capitalists and workers, we show that a higher degree of relative risk aversion can destabilize an economy. In traditional real business cycle (RBC) theory, a higher degree of relative...

Persistent link: https://www.econbiz.de/10015195189

A general equilibrium approach to carbon permit banking

Dubois, Loick; Sahuc, Jean-Guillaume; Vermandel, Gauthier - 2025

Persistent link: https://www.econbiz.de/10015173803

Beyond one-size-fits-all : designing monetary policy for diverse models and frequencies

Dück, Alexander; Verona, Fabio - 2025

We offer a contribution to the analysis of optimal monetary policy. The standard approach to determine what policy rule a central bank should follow is to take a single structural model and minimize the unconditional volatilities of inflation and real activity. In this paper, we propose monetary...

Persistent link: https://www.econbiz.de/10015181886