Showing 1 - 10 of 24
Persistent link: https://www.econbiz.de/10003636006
Persistent link: https://www.econbiz.de/10003906259
Forward-looking RE models such as the popular New Keynesian (NK) model do not provide a unique prediction about how the model economy behaves. We need some mechanism that ensures determinacy. McCallum (2012) says it is not needed because models are learnable only with the determinate solution...
Persistent link: https://www.econbiz.de/10011093763
This paper investigates whether housing collateral is important to the business cycle in China. We develop two models …
Persistent link: https://www.econbiz.de/10012876001
finds that the main shocks hitting China in the crisis were international and that domestic banking shocks were unimportant …
Persistent link: https://www.econbiz.de/10010397727
We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping …
Persistent link: https://www.econbiz.de/10010504443
in the use of indirect inference to estimate and test the fitted model. We find that the main shocks that hit China in …
Persistent link: https://www.econbiz.de/10010504467
Persistent link: https://www.econbiz.de/10009745586
We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping …
Persistent link: https://www.econbiz.de/10010358430
Persistent link: https://www.econbiz.de/10010382034