Showing 1 - 10 of 366
. An additional novelty of this paper is our use of a regime-switching DSGE model with an occasionally binding zero lower …
Persistent link: https://www.econbiz.de/10012143885
fitting time series data using a Bayesian dynamical systems approach we identify non-linear interactions between GDP, child …
Persistent link: https://www.econbiz.de/10011396729
Global emissions beyond 44 gigatonnes of carbondioxide equivalent (GtCO2e) in 2020 can potentially lead the world to an irreversible climate change. Employing a novel dynamical system modeling approach, we predict that in a business-asusual scenario, it will reach 61 GtCO2e by 2020. Testing...
Persistent link: https://www.econbiz.de/10011396730
if the sum of contributions meets or exceeds a threshold. I analyze several Bayesian Nash equilibria in this game and …
Persistent link: https://www.econbiz.de/10010334331
If firms borrow working capital to finance production, then nominal interest rates have a direct influence on in inflation dynamics, which appears to be the case empirically. However, interest rates may only partly mirror the cost of working capital. In this paper we explore the role of bank...
Persistent link: https://www.econbiz.de/10013370081
There has been a call for caution when using the conventional method for Bayesian inference in setidentified structural …
Persistent link: https://www.econbiz.de/10014388427
Applying unawareness belief structures introduced in Heifetz, Meier, and Schipper (2012), we develop Bayesian games … higher awareness levels and restricted from higher to lower awareness levels. We apply Bayesian games with unawareness to … relationship between standard Bayesian games and Bayesian games with unawareness. …
Persistent link: https://www.econbiz.de/10010282088
The Chicago Fed dynamic stochastic general equilibrium (DSGE) model is used for policy analysis and forecasting at the …
Persistent link: https://www.econbiz.de/10010292149
methodology of constructing Dynamic Stochastic General Equilibrium (DSGE) consistent prior distributions for Bayesian Vector … Chernozhukov and Hong (2003) and Theodoridis (2011) to derive the quasi Bayesian posterior distribution of the DSGE parameter … Ravenna (2007) regarding structural VAR (SVAR) models and the normal prior density of the DSGE parameter vector. In line with …
Persistent link: https://www.econbiz.de/10010368161
and larger in magnitude. We use an estimated DSGE model to show that this change is consistent with a switch from an …
Persistent link: https://www.econbiz.de/10011927984