Empirical work in macroeconomics almost universally relies on the hypothesis of rational expectations (RE). This chapter departs from the literature by considering a variety of alternative expectations formation models. We study the econometric properties of a popular New Keynesian monetary DSGE...

Over the postwar, the U.S., Europe and Japan have experienced what may be thought of as medium frequency oscillations between persistent periods of robust growth and persistent periods of relative stagnation. These medium frequency movements, further, appear to bear some relation to the high...

The paper considers parameter identification, estimation and inference in medium scale DSGE models from a frequency domain perspective using the framework developed in Qu and Tkachenko (2010). The analysis uses Smets and Wouters (2007) as an illustrative example, motivated by the fact that it...

The ecosystem of South Florida is characterized by a vast wetland system, karst surficial hydrogeology, and extended coastal boundary. The ecosystem is poised under risks of: ecological failure due to increased fragmentation by urbanization; groundwater flow disruption because of sinkhole...