Showing 1 - 10 of 245,330
The global financial crisis of 2007-2008 had a negative impact on many countries, including Vietnam. Many policies have … model (DSGE) to find a better way to understand how policies stabilize the Vietnamese economy. Based on the framework of … Gerali et al., we calibrate the hyper-parameter for Vietnam financial data and do the comparison between the standard Taylor …
Persistent link: https://www.econbiz.de/10011708742
estimate a non-linear DSGE model with a heterogeneous banking sector and an occasionally binding borrowing constraint. The …
Persistent link: https://www.econbiz.de/10011617592
This paper studies the economy of Hong Kong through the lens of a small open economy DSGE model with a currency board …
Persistent link: https://www.econbiz.de/10012591874
monetary policy objective. We find that for the price of a strong hike in inflation a severe economic recession can be avoided …
Persistent link: https://www.econbiz.de/10010336205
We introduce time-varying systemic risk (à la He and Krishnamurthy, 2014) in an otherwise standard New-Keynesian model to study whether simple leaning-against-the-wind interest rate rules can reduce systemic risk and improve welfare. We find that while financial sector leverage contains...
Persistent link: https://www.econbiz.de/10011713865
This paper develops a model of the Chinese economy using a DSGE framework that accommodates a banking sector and money …
Persistent link: https://www.econbiz.de/10010465443
general equilibrium (DSGE) model in its usual form with full-information rational expectations and compare it with versions …
Persistent link: https://www.econbiz.de/10013177225
Modern Monetary Theory has lately received much attention but also a fair amount of criticisms. The intention of this paper is to review the main arguments in contention to assess the validity of the arguments put forward and the limitations of its policies. Modern Monetary Theory questions...
Persistent link: https://www.econbiz.de/10012837299
What happens when fiscal and/or monetary policy changes systematically? We construct a DSGE model in which agents have …
Persistent link: https://www.econbiz.de/10011292321
inference method to map from this TV VAR to time variation in implied Dynamic Stochastic General Equilibrium (DSGE) parameters … authorities tried to deliver a low and stable inflation from 1975 onwards, however, the severe adverse supply shocks in the 70s …
Persistent link: https://www.econbiz.de/10011405253