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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

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

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

Markov-switching DSGE modeling in RISE

Maih, Junior; Hashimzade, Nigar; Kirsanov, Oleg; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604809

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

The effects of oil revenue allocation between accumulation and current use on macroeconomic responses to external and internal shocks in a small oil-exporting economy

Mukhamediyev, Bulat; Khitakhunov, Azimzhan; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015620185

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

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

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

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

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

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

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

Essays on dynamic macroeconomics : from structural parameter estimation to the evaluation of central bank policies

Castellanos Silván, Juan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334636

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

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

Benigno, Gianluca; Foerster, Andrew; Otrok, Christopher M. - 2025

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, ebvufind01.dmz1.zbw.eu/10015190160

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

Benigno, Gianluca; Foerster, Andrew; Otrok, Christopher M. - 2020

Book / Working Paper

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

Benigno, Gianluca; Foerster, Andrew; Otrok, Christopher M. - 2020

Book / Working Paper

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

Benigno, Gianluca; Foerster, Andrew; Otrok, Christopher M. - 2020

Book / Working Paper

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

Benigno, Gianluca; Foerster, Andrew; Otrok, Christopher M. - 2020

Book / Working Paper

Estimating Macroeconomic Models of Financial Crises : An Endogenous Regime-Switching Approach

Benigno, Gianluca; Foerster, Andrew; Otrok, Christopher M. - 2022

Book / Working Paper

Estimating Macroeconomic Models of Financial Crises : An Endogenous Regime Switching Approach

Benigno, Gianluca - 2020

Book / Working Paper

Estimating Macroeconomic Models of Financial Crises : An Endogenous Regime-Switching Approach

Benigno, Gianluca - 2020

Book / Working Paper

Beyond one-size-fits-all : designing monetary policy for diverse models and frequencies

Dück, Alexander; Verona, Fabio - 2025

We offer a contribution to the analysis of optimal monetary policy. The standard approach to determine what policy rule a central bank should follow is to take a single structural model and minimize the unconditional volatilities of inflation and real activity. In this paper, we propose monetary...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015181886

Is there PPP in the data? : new evidence from a structural DSGE model

Minford, Patrick; Ou, Zhirong; Zhu, Zheyi - 2025

There has been a long-running debate in international macroeconomics about whether there is purchasing power parity (PPP) in the data. But while the literature has been dominated by reduced-form evidence focusing on the real exchange rate dynamics including its long-run behaviour, little...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015329671

The drivers of inflation in Korea : insights from a small open DSGE model

Kim, Kyunghun - 2025

This study analyzes the drivers of inflation in South Korea using a Dynamic Stochastic General Equilibrium (DSGE) model tailored to the characteristics of Korea as a small open economy. Employing quarterly data from 1999Q2 to 2023Q2, Bayesian estimation is used to estimate Korea-specific...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015418135

The natural rate of interest and convergence

Ertl, Martin; Rabitsch, Katrin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015418793

Time-varying inflation target and unbiased Taylor rule estimation

Brault, Joshua; Haque, Qazi; Phaneuf, Louis - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015420431

The cross border effects of bank capital regulation in general equilibrium

San Millán, Maximiliano - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015421184

Informing DSGE models through dynamic factor models

Forni, Mario; Gambetti, Luca; Lippi, Marco; Sala, Luca - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463310

Does firms' financing in foreign currency matter for monetary policy?

Audzei, Volha; Brůha, Jan; Sutóris, Ivan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015447797

DSGE model meets data gently : the importance of trend modelling

Juvonen, Petteri; Sariola, Mikko - 2025

DSGE models are often specified so that the long-run variation of variables is driven by one or two common trends, which rarely holds in the data. We find that when this discrepancy exists, high-frequency components (measurement errors) capture variable-specific time variation in trends. When...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448555

Second-round wage-price effects of raw material costs : an empirical analysis using a DSGE model

Adachi, Ko; Kato, Naoya - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448624

Fiscal limits in the MENA region : a structural analysis of debt sustainability

Yamout, Nadine - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448709

New perspectives on quantitative easing and central bank capital policies

Adrian, Tobias; Erceg, Christopher J.; Kolasa, Marcin; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015449037

Mitigating policies for pollutant emissions in a DSGE for the Brazilian economy

Jorge, Marcos Valli; Fasolo, Angelo Marsiglia; Costa, … - 2025

This paper examines the dynamic behavior of the Brazilian economy under policy regimes aimed at controlling pollutant emissions and limiting environmental damage. Greenhouse gas (GHG) emissions are assumed to be of two types: carbon from fossil resources burning for energy generation (i.e.,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015449282

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Mitigating policies for pollutant emissions in a DSGE for the Brazilian economy

Jorge, Marcos Valli; Fasolo, Angelo Marsiglia; Costa, … - 2024

Book / Working Paper

Business loan characteristics and inflation shocks transmission in the euro area

Michelangeli, Valentina; Piersanti, Fabio Massimo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015406420

A comparative analysis of the calibrated DSGE model and SSA method results on the Latvian economy

Hilkevics, Sergejs; Semakina, Valentina - 2025

This article examines the theoretical foundations of economic forecasting based on DSGE models. DSGE models are the main direction of contemporary macroeconomics theory - the inclusion of the stochastic processes and expectations of economic agents in the analysis of economic processes made them...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410038

House prices and the effectiveness of monetary policy in an estimated DSGE model of Morocco

Said, Roubyou; Hicham, Ouakil - 2025

In this study, we aimed to assess the effectiveness of monetary policy in influencing housing prices in Morocco. Bayesian estimation over the period 2007Q2-2017Q2 of a dynamic stochastic general equilibrium model allowed us to reveal a significant impact of the increase in policy interest rates...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410086