In this paper, I estimate an open economy DSGE model for the Taiwanese economy. The model features multiple sources of …

The goal of the paper is to analyze how financial and economic crises affect the relation between capital flows and … correspond to two crises dates. Our results show changes in the sign and/or coefficient of a number of determinants in both types …

in nonlinear DSGE models. Spurious higher order terms that creep into multi-step ahead forecasts can produce explosive … covariances. By, in effect, explicitly including long forecast of powers of endogenous variables among the DSGE model equations …

This paper adds oil prices to an estimated DSGE model for the euro area. The price of oil is an important macroeconomic …

should monetary policy react to oil-price shocks in order to minimize such adverse macroeconomic effects? We build a DSGE …

We quantitatively assess the role of on-the-job search for labor market dynamics in a fully specified, real DSGE model …

cycle, particularly for the characterization of monetary policy. The impact of including stochastic volatility in DSGE … models remains, however, unexplored. This paper therefore deals with the estimation of DSGE models when structural … DSGE models subject to stochastic volatility that allows for jointly inferring the model’s parameters, underlying shocks …