Search Results - subject_exact:"Dynamic equilibrium"

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Policy uncertainty in the market for coal electricity : the case of air toxics standards

Gowrisankaran, Gautam; Langer, Ashley; Zhang, Wendan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015080655

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Policy uncertainty in the market for coal electricity : the case of air toxics standards

Gowrisankaran, Gautam; Langer, Ashley; Zhang, Wendan - 2022

Book / Working Paper

KOOMA : a DSGE model of the Finnish economy

Koponen, Kristine; Niemeläinen, Julia; Elmgren, Peter; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616841

Labor informality and macroeconomic volatility

Ávila-Montealegre, Oscar Iván; Grajales-Olarte, Anderson - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617558

Informal labor market, inflation and monetary policy

Piscopo, Aniello - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609214

Severe weather and financial (in)stability

Foroni, Claudia; Gelain, Paolo; Lorusso, Marco; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617537

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Severe weather and financial (in)stability

Foroni, Claudia; Gelain, Paolo; Lorusso, Marco; … - 2026

Book / Working Paper

Severe weather and financial (in)stability

Foroni, Claudia; Gelain, Paolo; Lorusso, Marco; … - 2026

Book / Working Paper

Monetary policy and the output gap in DSGE models for small open economies : insights from the Czech Republic

Šestořád, Tomáš; Vlček, Jan; Musil, Karel - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015610401

Structural estimation at the product level : the impact of the kobe earthquake

Hamano, Masashige; Wongkaew, Kongphop; Murakami, Yuki; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015610859

Securitization, bank regulation, and the macroeconomy

Luintel, Kul B.; Torres, José L. - 2026

We develop a general equilibrium framework in which a commercial banker, constrained by capital adequacy requirements, creates a special purpose vehicle (SPV) to hold securitized assets off its balance sheet. By operating the bank and SPV as separate entities, the banker circumvents regulation,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612431

Monetary and fiscal implications of commodity price shocks for commodityexporting small open economies

Naraidoo, Ruthira - 2026

Commodity-exporting economies, such as South Africa, are susceptible to wide fluctuations in their business cycles, closely tied to commodity price fluctuations. In this research, we develop a prototype dynamic stochastic general equilibrium (DSGE) model with specific features for emerging small...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614249

Regime shifts in U.S. trend inflation : pre-Volcker to post-great moderation

Hu, Ruopu; Maith, Junior; Nishiyama, Shin-Ichi - 2026 - This version: March 6, 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615812

Exogenous fluctuations : DSGE models

Nicoletti, Giulio; Pensieroso, Luca - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015597400

Germany's swift package of business tax breaks aimed at stimulating investment

Funke, Michael; Terasa, Raphael - 2026

Germany has introduced a comprehensive package of staggered business tax breaks to accelerate business investment and give new momentum to economic growth. The key components of the so-called investment booster program are a temporary tax write-off on machinery and other equipment investments to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015586899

Macroeconomic responses to productivity and global demand shocks : a comparative analysis of developing and developed economies

Ahmed, Waqas; Rehman, Muhammad; Sheraz, Sahar - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015579647

Productivity implications of the move to net zero

Batten, Sandra; Millard, Stephen - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606073

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Productivity implications of the move to net zero

Batten, Sandra; Millard, Stephen - 2026

Book / Working Paper

Macroeconomic effects of carbon-intensive energy price changes : a model comparison

Burgert, Matthias; Darracq Pariès, Matthieu; Durand, Luigi - 2026

This paper presents a novel model comparison to examine the challenges posed by changes in carbon-intensive energy prices for monetary policy. The employed environmental monetary models have a detailed multi-sector structure. The comparison assesses the effects of both a temporary and a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606830

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Macroeconomic effects of carbon-intensive energy price changes : a model comparison

Burgert, Matthias; Darracq Pariès, Matthieu; Durand, Luigi - 2025

Book / Working Paper

Macroeconomic effects of carbon-intensive energy price changes : a model comparison

Burgert, Matthias; Darracq Pariès, Matthieu; Durand, Luigi - 2025

Book / Working Paper

Fertility, education, inequality, and economic growth

Chan, Mingyan; Nishiyama, Shinichi - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015607100

Hybrid productivity, inflation thresholds and monetary policy in a nonlinear multi-country DSGE model of CEMAC

Mvondo, Thierry - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625812

Nonlinear business-cycle anatomy

Brianti, Marco; Forni, Mario; Gambetti, Luca; Granese, … - 2026

Building on a frequency-domain identification within a nonlinear Structural Dynamic Factor Model, we study the nonlinear transmission of demand and supply shocks, the two shocks accounting for the bulk of fluctuations in U.S. macroeconomic variables. Supply shocks propagate symmetrically and are...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015627060

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Nonlinear business-cycle anatomy

Brianti, Marco; Forni, Mario; Gambetti, Luca; Granese, … - 2026

Book / Working Paper

Impact of capping emissions on macroeconomic volatility : the case of Saudi Arabia

Galeottib, Marzio; Manzanoc, Baltasar; Pierru, Axel - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015637816

Pharmaceutical advertising in dynamic equilibrium

Dubois, Pierre; Pakes, Ariel - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618002

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Pharmaceutical advertising in dynamic equilibrium

Dubois, Pierre; Pakes, Ariel - 2026

Book / Working Paper

Pharmaceutical Advertising in Dynamic Equilibrium

Dubois, Pierre; Pakes, Ariel - 2026

Book / Working Paper

Sectoral labour shortages and their inflationary pressures

Viziniuc, Mădălin - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638574

European temporary migration in a two country DSGE model

Budnik, Katarzyna - 2026

Free movement of labour across borders can influence business cycle dynamics in the affected countries. This paper studies the macroeconomic implications of temporary migration using a two-country dynamic stochastic general equilibrium model calibrated to represent the "old" EU Member States...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641348

Reserve requirement ratio and capital flows : a regime-switching DSGE estimation for China

Hu, Ruopu - 2026 - This version: March 31, 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647392

Modellanalyse zu den makroökonomischen Auswirkungen einer Veränderung der Wochenarbeitszeit in Deutschland : Studie im Auftrag des Arbeitgeberverbandes Gesamtmetall e.V.

Bautz, David; Gödl, Maximilian; Wollmershäuser, Timo - 2026

In der vorliegenden Studie wird im Rahmen einer Modellanalyse untersucht, mit welchen makroökonomischen Auswirkungen durch die Einführung einer Viertagewoche bei vollem Lohnausgleich in Deutschland zu rechnen ist. Die Simulationen erfolgten in kalibrierten dynamischen Gleichgewichtsmodellen,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650739

Sequential solution for DSGE models with deep neural networks

Ferrari, Massimo Minesso; Frenzel, Carla - 2026

This paper develops a sequential deep learning algorithm for solving dynamic stochastic general equilibrium (DSGE) models. The algorithm trains a deep neural network to approximate the model's policy functions across four progressive phases: steady-state anchoring, exploration around the steady...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650845

Transition dynamics in heterogeneous-agent models and the distributional consequences of taxation

Gutsch, Alexandra; Schult, Christoph - 2026

We study how idiosyncratic income risk shapes the aggregate and distributional effects of labor and capital income taxation in dynamic general equilibrium models. To this end, we compare a heterogeneous-agent (HA) model with uninsurable idiosyncratic labor productivity risk and a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651001

Dancing on the saddles : a geometric framework for stochastic equilibrium dynamics

Lee, Hanbaek - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651553

An energy New Keynesian DSGE model for South Africa

Cassiem, Abdul; Liu, Guangling - 2026

This paper develops an energy New Keynesian dynamic stochastic general equilibrium model to study the impact of climate change on the South African economy. The model incorporates an energy producer within a standard sticky-price framework and links environmental damages to macroeconomic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651827

Effects of monetary policy on investment dynamics in Latin American economies through a model with heterogeneous firms

Menezes, Rodney - 2026

This study examines how firms' financial heterogeneity shapes the transmission of monetary policy to investment in Latin American economies. It develops an extended theoretical model with heterogeneous firms, calibrated for Latin American economies, and validates it empirically through local...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633300

Foreign exchange intervention and financial stability

Agénor, Pierre-Richard; Jackson, Timothy P.; Silva, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574482

The models and analysis behind the Bank of Finland's forecasts for the Finnish economy

Sariola, Mikko; Viertola, Hannu - 2026

The Bank of Finland produces forecasts for the Finnish economy using advanced modelling tools. Central to this process is its Aino model, which is a dynamic stochastic general equilibrium (DSGE) model that integrates various aspects of the Finnish economy. The forecasts support policy decisions...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015666638

Nature and causes of economic fluctuations : evidence from the U.S. based on a nonlinear autoregressive integrated process

Li, Xiang; He, Zonglu - 2023

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, ebvufind01.dmz1.zbw.eu/10014430575

Iterative refinement of the QZ decomposition for solving linear DSGE models

Huber, Johannes; Meyer-Gohde, Alexander - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015466989

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Iterative refinement of the QZ decomposition for solving linear DSGE models

Huber, Johannes; Meyer-Gohde, Alexander - 2025

Book / Working Paper

Monetary policy shocks and narrative restrictions : rules matter

Castelnuovo, Efrem; Pellegrino, Giovanni; Særkjær, … - 2025

Imposing restrictions on policy rule coefficients in vector autoregressive (VAR) models enhances the identification of monetary policy shocks obtained with sign and narrative restrictions. Monte Carlo simulations and empirical analyses for the United States and the Euro area support this result....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015548854

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Monetary policy shocks and narrative restrictions : rules matter

Castelnuovo, Efrem; Pellegrino, Giovanni; Særkjær, … - 2025

Book / Working Paper

Frequency and severity of current account reversals : an analysis with a rational expectations regime switching DSGE model

Hamano, Masashige; Murakami, Yuki - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015323637

Default risk, risk premium, and corporate resilience : the role of regulatory and stabilization policies

Firano, Zakaria; Karaouch, Doha - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015324374

How does news-driven monetary policy frictions affect nonperforming loans? : taking Chinese commercial banks as an example

Zhang, Heng-Guo; Wang, Shihong; Xie, Yuchi - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015371997

Fat-tailed DSGE models : a survey and new results

Dave, Chetan; Sorge, Marco M. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372567

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Fat tailed DSGE models : a survey and new results

Dave, Chetan; Sorge, Marco M. - 2023

Book / Working Paper

Monetary and fiscal policies in Brazil and the behavioral approach

Freitas, Raphael José Pereira - 2025

Purpose This study aims to elucidate the dynamics of monetary and fiscal policy interactions in Brazil, focusing on the impacts of positive shocks in government consumption and interest rates. By comparing rational and behavioral agent responses, it clarifies how these frameworks influence gross...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372631

Complementarities between capital buffers and dividend prudential target

Di Virgilio, Domenica; Duarte, Maia - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372876

One who hesitates is lost : monetary policy under model uncertainty and model misspecification

Ajevskis, Viktors - 2025

This paper investigates how different parametrisations of the monetary policy reaction function and different mechanisms of expectation formation shape the macroeconomic outcomes in the estimated Smets-Wouters type of DSGE model. The initial macroeconomic conditions of the simulations correspond...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015210360

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One who hesitates is lost : monetary policy under model uncertainty and model misspecification

Ajevskis, Viktors - 2024

Book / Working Paper

Trend Inflation in the Japanese pre-2000s : a Markov-Switching DSGE

Kato, Ryo; Maih, Junior; Nishihama, Shin-Ichi - 2025

In Japan, the inflation rate declined to near-zero, whereas the monetary policy faced a zero lower bound (ZLB) in the 1990s. We examine whether trend inflation had fallen to near-zero prior to the ZLB. To achieve this, we estimate Japanese pre-2000 trend inflation developing a Markov-switching...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333298

Flow-specific capital controls for China

Garcia-Barragan, Fernando; Kiu, Guangling - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333588

Can Modern Monetary Theory fit the post-Crisis US facts? : evidence from a full DSGE model

Liu, Chunping; Minford, Patrick; Ou, Zhirong - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338034

Fiscal and macroprudential policies during an energy crisis

Priftis, Romanos; Schoenle, Raphael - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015583428

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Fiscal and macroprudential policies during an energy crisis

Priftis, Romanos; Schoenle, Raphael - 2025

Book / Working Paper

Differentiable, filter free Bayesian estimation of DSGE models using mixture density networks

Naubert, Christopher - 2025 - Last updated: January 16, 2025

I develop a methodology for Bayesian estimation of globally solved, non-linear macroeconomic models. A novel feature of my method is the use of a mixture density network to approximate the distribution of initial states. I use the methodology to estimate a medium-scale, two-agent New Keynesian...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015187509

Germany's macroeconomic drivers during the pandemic and inflation surge

Hohberger, Stefan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015188994

Optimal government spending in a collateral-constrained small open economy

Hamano, Masashige; Murakami, Yuki - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015190552

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Optimal government spending in a collateral-constrained small open economy

Hamano, Masashige; Murakami, Yuki - 2024

Book / Working Paper

Market-based climate policy with fluctuating fossil energy prices

Blanz, Alkis; Eydam, Ulrich; Heinemann, Maik; Kalkuhl, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015193863

Relative risk aversion and business fluctuations

Hashimoto, Ken'ichi; Im, Ryonghun; Kunieda, Takuma; … - 2025

By applying a simple dynamic general equilibrium model without exogenous shocks inhabited by infinitely lived capitalists and workers, we show that a higher degree of relative risk aversion can destabilize an economy. In traditional real business cycle (RBC) theory, a higher degree of relative...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195189

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Relative risk aversion and business fluctuations

Hashimoto, Ken'ichi; Im, Ryonghun; Kunieda, Takuma; … - 2025

Book / Working Paper