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A quantitative model for the integrated policy framework
Adrian, Tobias; Erceg, Christopher J.; Lindé, Jesper; … - 2020
Many central banks have relied on a range of policy tools, including foreign exchange intervention (FXI) and capital flow management tools (CFMs), to mitigate the effects of volatile capital flows on their economies. We develop an empirically-oriented New Keynesian model to evaluate and quantify...
Persistent link: https://www.econbiz.de/10012299311
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Synergies between monetary and macroprudential policies in Thailand
Fukunaga, Ichiro; Saenz, Manrique - 2020
A dynamic stochastic general equilibrium (DSGE) model tailored to the Thai economy is used to explore the performance …
Persistent link: https://www.econbiz.de/10012251910
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Macroeconomic effects of reforms on three diverse oil exporters : Russia, Saudi Arabia, and the UK
Beidas-Strom, Samya; Lorusso, Marco - 2019
We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi …
Persistent link: https://www.econbiz.de/10012112123
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Oil Windfalls in Ghana : A DSGE Approach
Dagher, Jihad - 2010
We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy …
Persistent link: https://www.econbiz.de/10014402869
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Managing macrofinancial risk
Adrian, Tobias; Vitek, Francis - 2020
We augment a linearized dynamic stochastic general equilibrium (DSGE) model with a tractable endogenous risk mechanism … resultant heteroskedastic linearized DSGE model preserves the satisfactory simulation and forecasting performance of its nested …
Persistent link: https://www.econbiz.de/10012300643
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Financial Crises in DSGE Models : Selected Applications of MAPMOD
Benes, Jaromir - 2014
This paper, together with a technical companion paper, presents MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the...
Persistent link: https://www.econbiz.de/10014411162
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Financial Crises in DSGE Models : A Prototype Model
Benes, Jaromir - 2014
This paper presents the theoretical structure of MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy....
Persistent link: https://www.econbiz.de/10014411163
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Bayesian Dynamic Factor Analysis of a Simple Monetary DSGE Model
Kryshko, Maxym - 2011
When estimating DSGE models, the number of observable economic variables is usually kept small, and it is conveniently … assumed that DSGE model variables are perfectly measured by a single data series. Building upon Boivin and Giannoni (2006), we … relax these two assumptions and estimate a fairly simple monetary DSGE model on a richer data set. Using post-1983 U …
Persistent link: https://www.econbiz.de/10014398279
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Credit market imperfection and sectoral asymmetry of Chinese business cycle
Zhang, Yuanyan Sophia - 2011
Persistent link: https://www.econbiz.de/10009425655
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Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle
Zhang, Yuanyan Sophia - 2011
tradable industries and that output volatility is much greater in China than in industrial economies. We find that the driving … force behind our simulation results is strongly related to the non-uniform nature of credit market imperfections in China …
Persistent link: https://www.econbiz.de/10014399360