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How do adaptive learning expectations rationalize stronger monetary policy response in Brazil?

Dizioli, Allan; Wang, Hou - In: Latin American journal of central banking : LAJCB 5 (2024) 1, pp. 1-16

This paper estimates a standard Dynamic Stochastic General Equilibrium (DSGE) model that includes a wage and price …

Persistent link: https://www.econbiz.de/10015055065

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

Business cycles and economic growth have long been studied separately, hindering understanding of the nature and causes of economic fluctuations and growth. Here, we present an economic model that incorporates both deterministic trends and persistent fluctuations, derived from a general economic...

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

An evaluation of neo-Kaleckian supermultiplier and neo-Goodwinian models : pseudo-goodwin cycles, external markets and pro-cyclical labour productivity

Fiebiger, Brett - 2022

This paper provides a theoretical and empirical evaluation of neo-Kaleckian supermultiplier and neo-Goodwinian models. The benchmark structuralist and Harrodian neo-Goodwinian models posit a macro economy with only one asset: the capital stock. Demand leakages presuppose that at least one sector...

Persistent link: https://www.econbiz.de/10013347228

A Markov-Switching DSGE model for measuring the output gap in Brazil

Oliveira, Eleonora de; Palma, Andreza Aparecida; … - In: Latin American journal of central banking : LAJCB 5 (2024) 1, pp. 1-15

. Conversely, estimates derived from Dynamic Stochastic General Equilibrium (DSGE) models encounter challenges stemming from the … specified DSGE model that incorporates Markov-Switching elements (MS-DSGE) to account for potential regime shifts. We introduce …-Prescott) filter estimate performs better in the short and mid-term, but the MS-DSGE estimate presented better results in the long run …

Persistent link: https://www.econbiz.de/10015055077

Estimating macroeconomic models of financial crises : an endogenous regime-switching approach

Benigno, Gianluca; Foerster, Andrew; Otrok, Christopher M. - In: Quantitative economics : QE ; journal of the … 16 (2025) 1, pp. 1-47

We develop a new model of cycles and crises in emerging markets, featuring an occasionally binding borrowing constraint and stochastic volatility, and estimate it with quarterly data for Mexico since 1981. We propose an endogenous regime‐switching formulation of the occasionally binding...

Persistent link: https://www.econbiz.de/10015190160

Konjunkturschlaglicht : die Hoffnung liegt auf dem privaten Konsum

Berlemann, Michael; Eurich, Marina; Normann, Morten Grinna - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 103 (2023) 10, pp. 719-720

Persistent link: https://www.econbiz.de/10014392000

Fiscal policy : post- or New Keynesian?

Gechert, Sebastian - In: European journal of economics and economic policies : … 20 (2023) 2, pp. 338-355

This paper asks whether the post-Keynesian or New Keynesian paradigm provides a more realistic description of the effects of fiscal policy on output and consumption. I establish some macro and microeconomic stylized facts on fiscal multipliers and marginal propensities to consume based on the...

Persistent link: https://www.econbiz.de/10014433734

Going green: estimating the potential of green jobs in Argentina

Vega, Pablo de la; Porto, Natalia; Cerimelo, Manuela - In: Journal for labour market research 58 (2024) 1, pp. 1-18

This paper aims to identify and characterize the potential of green jobs in Argentina, i.e., those workers that would benefit from a transition to a green economy, using occupational green potential scores calculated in US O*NET data for the period 2015-2021. We apply the greenness scores to...

Persistent link: https://www.econbiz.de/10015175818

The impact of monetary policy and credit risk on bank credit behavior : an analysis of banks listed on the Indonesian stock exchange

Anwar, Cep Jandi; Suhendra, Indra; Didu, Saharuddin; … - In: Cogent economics & finance 11 (2023) 1, pp. 1-18

The study investigates macroeconomic and bank-specific determinants of credit for commercial banks from 2010Q1-2022.Q4 in Indonesia. The banking credit is divided into an investment, working capital, and consumption credits. The study aims to address a gap in the literature since most prior...

Persistent link: https://www.econbiz.de/10014500874

Agricultural growth and investments in India : assessment of recent trends, breaks and linkages

Akber, Nusrat; Paltasingh, Kirtti Ranjan - In: Italian review of agricultural economics 76 (2021) 2, pp. 17-30

This paper reviews the recent trends in agricultural investments (both public and private) and tries to find structural breaks in the trends over the period of 1960-2017. Comparing the growth performance of investments and farm output (GDPAg and production) in various sub-periods based on...

Persistent link: https://www.econbiz.de/10012671906