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An estimated DSGE model with search and matching frictions in the credit market
Liberati, Danilo - Banca d'Italia - 2014
Keynesian DSGE theoretical model. We provide an alternative explanation of the degree of incompleteness in the pass-through from …
Persistent link: https://www.econbiz.de/10011105130
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Fiscal Policy and Macroeconomic Imbalances
Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - Banca d'Italia - 2014
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
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Medium-term forecasting of euro-area macroeconomic variables with DSGE and BVARX models
Burlon, Lorenzo; Emiliozzi, Simone; Notarpietro, Alessandro - Banca d'Italia - 2015
The paper assesses the performance of medium-term forecasts of euro-area GDP and inflation obtained with a DSGE model … and with the Eurosystem projections; the same real time assumptions underlying the latter are used to condition the DSGE … overall more accurate than that of simple autoregressive models. The DSGE model shows a relatively better performance in …
Persistent link: https://www.econbiz.de/10011171339
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Should monetary policy lean against the wind? An analysis based on a DSGE model with banking
Gambacorta, Leonardo; Signoretti, Federico M. - Banca d'Italia - 2013
improve upon a standard rule in terms of macroeconomic stabilization in a DSGE with both a firms' balance-sheet channel and a …
Persistent link: https://www.econbiz.de/10011099720