DSGE models are the main tool for analysing various questions in problems of monetary, business cycle theory and fiscal policy problems, growth and other fields in international macroeconomics and macroeconomics. Many macroeconomic publications use the DSGE framework. A consensus has been...

This paper studies present bias in a life-cycle model with heterogeneous preferences. Previous research outlining the role of behavioral biases in the macroeconomy largely falls into one of three categories: (1) partial equilibrium, (2) infinite horizon, or (3) homogeneous preferences. We...

The primary motivation behind quantitative modeling in international trade and many other fields is to shed light on the economic consequences of policy changes. To help assess and potentially strengthen the credibility of such quantitative predictions we introduce an IV-based goodness-of-fit...