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Regime switches, Agents’ Beliefs, and Post-World War II U.S. Macroeconomic Dynamics
Bianchi, Francesco - Volkswirtschaftliche Fakultät, … - 2008
severe. These "beliefs counterfactuals" are new in the literature. Finally, the paper provides a Bayesian algorithm to handle …
Persistent link: https://www.econbiz.de/10008490097
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Monetary Policies and Nigerian Economy:Simulations from Dynamic Stochastic General Equilibrium(DSGE)Model
Nwaobi, Godwin - Volkswirtschaftliche Fakultät, … - 2012
basic thrust of this paper is to evaluate monetary policy - tradeoffs using a dynamic stochastic general equilibrium(DSGE …
Persistent link: https://www.econbiz.de/10011108535
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Monetary policy, informality and business cycle fluctuations in a developing economy vulnerable to external shocks
Haider, Adnan; Din, Musleh-ud; Ghani, Ejaz - Volkswirtschaftliche Fakultät, … - 2012
This paper develops an open economy dynamic stochastic general equilibrium (DSGE) model based on New-Keynesian micro …
Persistent link: https://www.econbiz.de/10011109585
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Pakistan Economy DSGE Model with Informality
Ahmed, Shahzad; Ahmed, Waqas; Khan, Sajawal; Pasha, Farooq - Volkswirtschaftliche Fakultät, … - 2012
In this paper we develop a closed economy DSGE model of Pakistan with informality both in the labor and product markets … our model performs relatively better than existing DSGE literature on emerging markets. We find good degree of evidence of …
Persistent link: https://www.econbiz.de/10011260073
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A Forecasting Metric for Evaluating DSGE Models for Policy Analysis
Gupta, Abhishek - Volkswirtschaftliche Fakultät, … - 2010
This paper evaluates the strengths and weaknesses of dynamic stochastic general equilibrium (DSGE) models from the …
Persistent link: https://www.econbiz.de/10008728069
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The role of investment-specific technology shocks in driving international business cycles: a bayesian approach.
Dey, Jaya - Volkswirtschaftliche Fakultät, … - 2013
This paper uses a Bayesian approach to estimate a standard international real business cycle model augmented with …
Persistent link: https://www.econbiz.de/10011108348
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Measures of Equity Home Bias Puzzle
Mishra, Anil - Volkswirtschaftliche Fakultät, … - 2013
: International Capital Asset Pricing Model (ICAPM), Mean-Variance, Minimum-Variance, Bayes-Stein, Bayesian and Multi-Prior. ICAPM … country portfolio weights are computed relative to world market capitalization. Bayesian models allow for various degrees of …
Persistent link: https://www.econbiz.de/10011258830
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Orbital Priors for Time-Series Models
Kociecki, Andrzej - Volkswirtschaftliche Fakultät, … - 2012
properties both from the Bayesian and non–Bayesian perspective. We provide detailed derivations of our prior in many standard …
Persistent link: https://www.econbiz.de/10011259476
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A new model of trend inflation
Chan, Joshua; Koop, Gary; Potter, Simon - Volkswirtschaftliche Fakultät, … - 2012
This paper introduces a new model of trend (or underlying) inflation. In contrast to many earlier approaches, which allow for trend inflation to evolve according to a random walk, ours is a bounded model which ensures that trend inflation is constrained to lie in an interval. The bounds of this...
Persistent link: https://www.econbiz.de/10011112353
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Bayesian Approach and Identification
Kociecki, Andrzej - Volkswirtschaftliche Fakultät, … - 2013
The paper aims at systematic placement of identification concept within Bayesian approach. Pointing to some … deficiencies of the standard Bayesian language to describe identification problem we propose several useful characterizations that …
Persistent link: https://www.econbiz.de/10011112950