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Economists, incentives, judgment, and the European CVAR approach to macroeconometrics

Colander, David C. - In: Economics - The Open-Access, Open-Assessment E-Journal 3 (2009), pp. 1-21

This paper argues that the DSGE approach to macroeconometrics is the dominant approach because it meets the …. It further argues that this 'DSGE theory-first' approach is inconsistent with the historical approach that economists …

Persistent link: https://www.econbiz.de/10005082999

Economists, Incentives, Judgment, and the European CVAR Approach to Macroeconometrics

Colander, David - 2009

This paper argues that the DSGE approach to macroeconometrics is the dominant approach because it meets the …. It further argues that this “DSGE-theory first” approach is inconsistent with the historical approach that economists …

Persistent link: https://www.econbiz.de/10008479221

Groping in the Dark? Recent Contributions to Progress in Interpretative Research – a Review

Mayrhofer, Wolfgang - In: Zeitschrift fuer Personalforschung. German Journal of … 23 (2009) 2, pp. 166-166

This papers reviews recent books supporting the development of using qualitative methods in interpretative research. Revolving around three major issues, i.e. increasing the level of rigour, using software packages and new methodological developments, the paper outlines the specific...

Persistent link: https://www.econbiz.de/10005042661

The role of accounting theory in the development of accounting principles

Coetsee, D. - In: Meditari Accountancy Research 18 (2010) April, pp. 1-16

Accounting theorists agree that no comprehensive theory of accounting has yet been developed. In the absence of such a theory, the question arises whether sufficient accounting principles are created through accounting research. This article acknowledges that accounting principles are not solely...

Persistent link: https://www.econbiz.de/10009319810

Bayesian Analysis of DSGE Models—Some Comments

Adolfson, Malin; Linde, Jesper; Villani, Mattias - In: Econometric Reviews 26 (2007) 2-4, pp. 173-185

Dynamic Stochastic General Equilibrium (DSGE) models. Bayesian methods have, for reasons clearly outlined in the paper, a very … natural role to play in DSGE analysis, and the appeal of the Bayesian paradigm is indeed strongly evidenced by the flood of … applied economists interested in learning about Bayesian techniques for analyzing DSGE models, and as such the paper is likely …

Persistent link: https://www.econbiz.de/10005511955

The elusive welfare economics of price stability as a monetary policy objective: why New Keynesian central bankers should validate core inflation

Buiter, Willem H. - European Central Bank - 2006

established for the class of DSGE models with nominal rigidities for which they have been proposed by Woodford and others. JEL …

Persistent link: https://www.econbiz.de/10005530728

International transmission and monetary policy cooperation

Coenen, Günter; Lombardo, Giovanni; Smets, Frank; … - European Central Bank - 2008

We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...

Persistent link: https://www.econbiz.de/10005530745

Oil Price Shocks, Monetary Policy Rules and Welfare.

Fiore, Fiorella de; Lombardo, Giovenni; Stebunovs, Viktors - Society for Computational Economics - SCE - 2006

should monetary policy react to oil-price shocks in order to minimize such adverse macroeconomic effects? We build a DSGE …

Persistent link: https://www.econbiz.de/10005537449

On-the-job Search and Business Cycle Dynamics

Lubik, Thomas A.; Krause, Michael U. - Society for Computational Economics - SCE - 2004

We quantitatively assess the role of on-the-job search for labor market dynamics in a fully specified, real DSGE model …

Persistent link: https://www.econbiz.de/10005537628

RBCs and DSGEs: The Computational Approach to Business Cycle Theory and Evidence

Karagedikli, Özer; Matheson, Troy; Smith, Christie; … - Norges Bank - 2008

Real Business Cycle (RBC) and Dynamic Stochastic General Equilibrium (DSGE) methods have become essential components of …

Persistent link: https://www.econbiz.de/10005481440