Search Results - subject:"dynamic stochastic"

The portfolio balance mechanism and QE in the euro area

Priftis, Romanos; Vogel, Lukas - In: Papers in money, macroeconomics and finance : … 84 (2016), pp. 84-105

Persistent link: https://www.econbiz.de/10012229096

Herbst, Edward P. - 2016

Dynamic stochastic general equilibrium (DSGE) models have become one of the workhorses of modern macroeconomics and are …

Persistent link: https://www.econbiz.de/10014482328

Optimal Policy in Collateral Constrained Economies

Biljanovska, Nina - 2016

This paper examines optimal policy in a macroeconomic model with collateral constraints. Binding collateral constraints yield inefficient competitive equilibrium allocations because they distort the optimal utilization of real resources. I identify the set of policy instruments that can be used...

Persistent link: https://www.econbiz.de/10013005698

Assessing the Impacts of Single Farm Payments on Farm Investment and Output in French Arable Farms: a Dynamic Stochastic Farm Household Model with Debt Constraints

Mary, Sebastien - 2010

dynamic stochastic farm household model with occasionally binding debt constraints and investment adjustment costs. The …

Persistent link: https://www.econbiz.de/10009442674

A theory of regular Markov perfect equilibria in dynamic stochastic games: genericity, stability, and purification

Doraszelski, Ulrich; Escobar, Juan - In: Theoretical Economics 5 (2010) 3, pp. 369-402

This paper studies generic properties of Markov perfect equilibria in dynamic stochastic games. We show that almost all … dynamic stochastic games have a finite number of locally isolated Markov perfect equilibria. These equilibria are essential … regularity for dynamic stochastic games and exploit a simple connection between normal form and dynamic stochastic games. …

Persistent link: https://www.econbiz.de/10011599432

Inventories in dynamic general equilibrium

Shibayama, Katsuyuki - 2010

This article investigates a dynamic general equilibrium model with a stockout constraint, which means that no seller can sell more than the inventories that she has. The model successfully explains two inventory facts; (i) inventory investment is procyclical, and (ii) production is more volatile...

Persistent link: https://www.econbiz.de/10010277834

Health insurance reform and bankruptcy

Kuklik, Michal - Volkswirtschaftliche Fakultät, … - 2010

medical bankruptcies. In this paper, we employ a dynamic stochastic general equilibrium overlapping generations model with …

Persistent link: https://www.econbiz.de/10011112090

Measuring Potential Growth with an Estimated DSGE Model of Japan's Economy

Fueki, Takuji; Fukunaga, Ichiro; Ichiue, Hibiki; … - Bank of Japan - 2010

In this paper, we calculate the potential output and the output gap using a Bayesian-estimated DSGE model of Japan's economy. The model is a two-sector growth model that takes into account growth rate shocks including investment-goods sector-specific technological progress. For bridging the gap...

Persistent link: https://www.econbiz.de/10010894547

Measuring Monetary Policy Under Zero Interest Rates With a Dynamic Stochastic General Equilibrium Model: An Application of a Particle Filter

Kitamura, Tomiyuki - Bank of Japan - 2010

This paper proposes an empirical dynamic stochastic general equilibrium (DSGE) framework to measure the degree of …

Persistent link: https://www.econbiz.de/10010907471

The Great Depression in Belgium: an Open-Economy Analysis

PENSIEROSO, Luca - Institut de Recherche Économique et Sociale (IRES), … - 2010

This paper studies the Great Depression in Belgium within the open-economy dynamic general equilibrium approach. Results from the simulations show that a two-good model with total factor productivity shocks and nominal exchange rate shocks can account for most of the 1929-1934 output drop. The...

Persistent link: https://www.econbiz.de/10008505497