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Transformed perturbation solutions for dynamic stochastic general equilibrium models
Blasques, Francisco; Nientker, Marc - 2019
This paper introduces a new solution method for Dynamic Stochastic General Equilibrium (DSGE) models that produces non explosive paths. The proposed solution method is as fast as standard perturbation methods and can be easily implemented in existing software packages like Dynare as it is...
Persistent link: https://www.econbiz.de/10011979524
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Microfoundations
Janssen, Maarten C. W. - 2006
Persistent link: https://www.econbiz.de/10003314804
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The microfoundations of macroeconomics : an evolutionary perspective
Bergh, Jeroen C. J. M. van den; Gowdy, John M. - 2000
We consider the microfoundations controversy from the perspective ofeconomic evolution and show that the debatecan …, it has rarely focused on clarifying the micro-macro distinction in economic theory and modelling.The macroevolution … topicsincorporating ideas from evolutionary theory into economics are:economic exaptations, macroeconomic consequencesof institutions, and …
Persistent link: https://www.econbiz.de/10011303317
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Microfoundations
Janssen, Maarten C. W. - 2006
This paper gives an overview and evaluates the literature on Microfoundations. …
Persistent link: https://www.econbiz.de/10011349210
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The microfoundations of macroeconomics : an evolutionary perspective
Bergh, Jeroen C. J. M. van den; Gowdy, John M. - 2000
Persistent link: https://www.econbiz.de/10001464964
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Trade and growth under limited liberalization
Bakanova, Marina; Vinhas de Souza, Lúcio - 2002
This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization process in a specific Eastern European country in transition towards market economy, namely, the Republic of Belarus. The analysis of the country trade patterns during the USSR...
Persistent link: https://www.econbiz.de/10011326958
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Finance and growth : a survey of the theoretical and empirical literature
Eschenbach, Felix - 2004
This paper reviews the theoretical and empirical literature on links between domestic financial development and economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial regimes. First McKinnon and Shaw advocated financial...
Persistent link: https://www.econbiz.de/10011335226
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Maintenance costs, obsolescence, and endogenous growth
Berden, Koen G.; Marrewijk, Charles van - 2001
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...
Persistent link: https://www.econbiz.de/10011317468
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Human capital formation, income inequality and growth
Viaene, Jean-Marie; Zilcha, Itzhak - 2001
The paper studies the determinants of income distribution and growth in an overlapping generations economy withheterogenous households. Our framework has the following main features:heterogeneity of consumers with respect to wealth and parental human capital;intergenerational transfers,...
Persistent link: https://www.econbiz.de/10011318579
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Human capital and cross-country comparison of inequality
Viaene, Jean-Marie; Zilcha, Itzhak - 2002
The paper studies the effects of cross-country differences in the productionprocess of human capital on income distribution and growth. Our overlapping gen-erations economy has the following features: (1) consumers are heterogenous withrespect to parental human capital and wealth; (2)...
Persistent link: https://www.econbiz.de/10011326974