important over the last decade. Simulations from a two-country DSGE model featuring Epstein Zin preferences suggest that …

productivity rising in the medium run. To explain this result, we build scale DSGE module featuring firm heterogeneity and … smaller effect of this shock on real activity. …

shock has remained fairly stable. Simulations from a non-linear DSGE model suggest that these empirical results are …

inference method to map from this TV VAR to time variation in implied Dynamic Stochastic General Equilibrium (DSGE) parameters …

This paper describes the theoretical structure and estimation results for a DSGE model for the Macedonian economy … including financial frictions in the model. With the exchange rate not acting as a shock absorber, the external shocks are more … negative innovations to the consumption preference shock and to the permanent technology shock. …

deviations of inflation or output from their respective targets or a monetary policy shock. The main contribution of this paper …