Search Results - subject:"dynamic stochastic general equilibrium"

Model uncertainty in macroeconomics : on the implications of financial frictions

Lieberknecht, Philipp; Binder, Michael; Quintana, Jorge; … - In: Essays on macroeconomic policies and financial frictions, (pp. 7-71). 2019

Persistent link: https://www.econbiz.de/10013190541

Monetary and Fiscal Policy in Times of Crises: A New Keynesian Perspective in Continuous Time

Hayo, Bernd; Niehof, Britta - 2014

To analyse the interdependence between monetary and fiscal policy during a financial crisis, we develop an open-economy DSGE model with monetary and fiscal policy as well as financial markets in a continuous-time framework based on stochastic differential equations. Monetary policy is modelled...

Persistent link: https://www.econbiz.de/10010435719

Emerging Economiesâ€™ Supply Shocks and Japanâ€™s Price Deflation : International Transmissions in a Three-Country DSGE Model

Hirakata, Naohisa; Iwasaki, Yuto; Kawai, Masahiro - East Asian Bureau of Economic Research (EABER) - 2014

on inflation in developed economies. We construct a dynamic stochastic general equilibrium (DSGE) model for three …

Persistent link: https://www.econbiz.de/10011134369

A Scientific Macroeconomic Model Derived from Fundamental Equation of Economics

Wayne, James J. - Volkswirtschaftliche Fakultät, … - 2014

-examine macroeconomic theories, and search for creditable alternatives to the popular dynamic stochastic general equilibrium (DSGE) models … solid scientific theoretical foundation. The IBS+ model is very different from the popular dynamic stochastic general … equilibrium (DSGE) models and agent-based computational economic (ACE) models. Through a side by side comparison, we prove that …

Persistent link: https://www.econbiz.de/10011112325

Towards a “New” Inflation Targeting Framework: The Case of Uruguay

Escudero, Matias; Gonzalez-Rozada, Martin; Sola, Martin - Departamento de Economía, Universidad Torcuato Di Tella - 2014

Using a dynamic stochastic general equilibrium model with financial frictions we study the effects of a rule that …

Persistent link: https://www.econbiz.de/10010735682

BoGGEM: a dynamic stochastic general equilibrium model for policy simulations

Papageorgiou, Dimitris - Bank of Greece - 2014

This paper presents the theoretical foundations and dynamic properties of a dynamic stochastic general equilibrium …

Persistent link: https://www.econbiz.de/10010812396

Policy and Spillover Analysis in the World Economy: A Panel Dynamic Stochastic General Equilibrium Approach

Vitek, Francis - International Monetary Fund (IMF) - 2014

economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive …

Persistent link: https://www.econbiz.de/10010959478

Routes and Trends of Romanian Core Economic Variables

HUDEA, Oana Simona - In: Romanian Statistical Review Supplement 62 (2014) 10, pp. 129-137

The present paper is centred on the analysis of a basic, classical, closed economy dynamic stochastic general … equilibrium model, revealing some core economic variables, captured at the level of our country, both from the perspective of …

Persistent link: https://www.econbiz.de/10011071777

Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010

Jung, Juergen; Tran, Chung - Department of Economics, Towson University - 2014

We quantify the effects of the Affordable Care Act (ACA) using a stochastic general equilibrium overlapping generations model with endogenous health capital accumulation calibrated to match U.S. data on health spending and insurance take-up rates. We find that the introduction of an insurance...

Persistent link: https://www.econbiz.de/10010929638

Monetary and Fiscal Policy in Times of Crises: A New Keynesian Perspective in Continuous Time

Hayo, Bernd; Niehof, Britta - Volkswirtschaft Abteilung, Fachbereich … - 2014

Persistent link: https://www.econbiz.de/10010941611