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Forecasting with a Bayesian DSGE model : an application to the euro area
Smets, Frank; Wouters, Rafael - 2004
In monetary policy strategies geared towards maintaining price stability conditional and unconditional forecasts of inflation and output play an important role. In this paper we illustrate how modern sticky-price dynamic stochastic general equilibrium (DSGE) models, estimated using Bayesian...
Persistent link: https://www.econbiz.de/10003285769
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An estimated dynamic stochastic general equilibrium model of the euro area
Smets, Frank; Wouters, Rafael - 2002
This paper develops and estimates a dynamic stochastic general equilibrium (DSGE) model with sticky prices and wages …: GDP, consumption, investment, prices, real wages, employment and the nominal interest rate. The introduction of ten …
Persistent link: https://www.econbiz.de/10011623232
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Effects of state-dependent forward guidance, large-scale asset purchases, and fiscal stimulus in a low-interest-rate environment
Coenen, Günter; Montes-Galdón, Carlos; Smets, Frank - In: Journal of money, credit and banking : JMCB 55 (2023) 4, pp. 825-858
Persistent link: https://www.econbiz.de/10014306115
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Effects of state-dependent forward guidance, large-scale asset purchases and fiscal stimulus in a low-interest-rate environment
Coenen, Günter; Montes-Galdon, Carlos; Smets, Frank - 2021
Persistent link: https://www.econbiz.de/10012500069
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Inflation persistence and price-setting behaviour in the euro area : a summary of the Inflation Persistance Network evidence
Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2006
Persistent link: https://www.econbiz.de/10003384161
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Policy lessons and directions for ongoing research
Gaspar, Vítor; Levin, Andrew T.; Martins, Fernando; … - In: Pricing decisions in the euro area : how firms set …, (pp. 235-249). 2007
Persistent link: https://www.econbiz.de/10003572604
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Professional forecasters and real-time forecasting with a DSGE model
Smets, Frank; Warne, Anders; Wouters, Rafael - In: International journal of forecasting 30 (2014) 4, pp. 981-995
Persistent link: https://www.econbiz.de/10010517773
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Convergence and divergencein government bond markets : implications for monetary policy
Smets, Frank - In: Global dimensions of unconventional monetary policy : a …, (pp. 171-193). 2014
Persistent link: https://www.econbiz.de/10011301092
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Professional forecasters and the real-time forecasting performance of an estimated New Keynesian model for the euro area
Smets, Frank; Warne, Anders; Wouters, Rafael - 2013
Persistent link: https://www.econbiz.de/10010195498
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Secular stagnation : a view from the Eurozone
Jimeno, Juan F.; Smets, Frank; Yiangou, Jonathan - In: Secular stagnation : facts, causes and cures, (pp. 153-164). 2014
Persistent link: https://www.econbiz.de/10011511089