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A Dynamic Correlation Approach of the Swiss Tourism Income
Leon, Costas; Eeckels, Bruno - Volkswirtschaftliche Fakultät, … - 2009
We apply cross-spectral methods, dynamic correlation index of comovements and a VAR model to study the cyclical components of GDP and tourism income of Switzerland with annual data for the period 1980 – 2007. We find evidence of 4 dominant cycles for GDP and an average duration between 9 and...
Persistent link: https://www.econbiz.de/10005052198
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Macroeconomic Effects of a Low-Carbon Electricity Transition in Kenya and Ghana : An Exploratory Dynamic General Equilibrium Analysis
Willenbockel, Dirk - 2019
The present study applies purpose-built dynamic computable general equilibrium models for Ghana and Kenya with a disaggregated country-specific representation of the power sector to simulate the prospective medium-run growth and distributional implications associated with a shift towards a...
Persistent link: https://www.econbiz.de/10012894601
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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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Regime switches, Agents’ Beliefs, and Post-World War II U.S. Macroeconomic Dynamics
Bianchi, Francesco - Volkswirtschaftliche Fakultät, … - 2008
The evolution of inflation and output over the last 50 years is examined through the lens of a micro-founded model that allows for changes in the behavior of the Federal Reserve and in the volatility of structural shocks. Agents are aware of the possibility of regime changes and their beliefs...
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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A DSGE Model for China’s Monetary and Macroprudential Policies
Sinclair, Peter; Sun, Lixn - Volkswirtschaftliche Fakultät, … - 2014
This paper develops a calibrated DSGE model for simulating China’s monetary policy and macroprudential policy. The … empirical results show, first, that the interest rate is a better instrument for China’s monetary policy than the required … a very useful macroprudential tool for China’s financial stability, and the required reserve ratio could be used as an …
Persistent link: https://www.econbiz.de/10011195674
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Monetary policy in Europe vs the US: what explains the difference?
Uhlig, Harald - Volkswirtschaftliche Fakultät, … - 2007
This paper compares monetary policy in the US and EMU during the last decade, employing an estimated hybrid New Keynesian cash-in-advance model, driven by five shocks. It appears that the difference between the two monetary policies between 1998 and 2006 is due to both surprises in productivity...
Persistent link: https://www.econbiz.de/10005787158
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Business Cycle Synchronisation in EU : A Time-Varying Approach
Degiannakis, Stavros Antonios - 2018
This paper investigates the time-varying correlation between the EU12-wide business cycle and the initial EU12 member-countries based on Scalar-BEKK and multivariate Riskmetrics model frameworks for the period 1980-2012. The paper provides evidence that changes in the business cycle...
Persistent link: https://www.econbiz.de/10012910120