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Economists, incentives, judgment, and the European CVAR approach to macroeconometrics

Colander, David C. - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-9, pp. 1-21

This paper argues that the DSGE approach to macroeconometrics is the dominant approach because it meets the …. It further argues that this 'DSGE theory-first' approach is inconsistent with the historical approach that economists …

Persistent link: https://www.econbiz.de/10010298628

Examining monotonicity and saliency using level-k reasoning in a voting game

Bassi, Anna; Williams, Kenneth C. - In: Games 5 (2014) 1, pp. 26-52

This paper presents an experiment that evaluates the effect of financial incentives and complexity in political science … complexity promotes the highest degree of level-k strategic reasoning in every payment treatment. Standard financial incentives … voting experiments. To evaluate the effect of complexity we adopt a level-k reasoning model concept. This model by Nagel [1 …

Persistent link: https://www.econbiz.de/10010369371

Groping in the dark? Recent contributions to progress in interpretative research - a review

Mayrhofer, Wolfgang - In: Zeitschrift für Personalforschung (ZfP) 23 (2009) 2, pp. 166-182

This papers reviews recent books supporting the development of using qualitative methods in interpretative research. Revolving around three major issues, i.e. increasing the level of rigour, using software packages and new methodological developments, the paper outlines the specific...

Persistent link: https://www.econbiz.de/10010292575

The Chicago Fed DSGE Model

Brave, Scott A.; Campbell, Jeffrey R.; Fisher, Jonas D. M. - 2012

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

Testing for Parameter Stability in DSGE Models. The Cases of France, Germany, Italy, and Spain

Jerger, Jürgen; Röhe, Oke - 2012

We estimate a New Keynesian DSGE model on French, German, Italian, and Spanish data. The main aim of this paper is to … properties of each single parameter in a DSGE model separately. In the case of France, Germany, and Italy our results point to …

Persistent link: https://www.econbiz.de/10010294717

Taking a DSGE Model to the Data Meaningfully

Franchi, Massimo; Jusélius, Katarina - 2007

. The cointegrated VAR (CVAR) offers a way of doing so. In this paper we outline a method for translating the assumptions … underlying a DSGE model into a set of testable assumptions on a cointegrated VAR model and illustrate the ideas with the RBC … assumptions underlying the DSGE model and, hence, the RBC model are rejected when properly tested. Leaving the RBC model aside, we …

Persistent link: https://www.econbiz.de/10010295214

Taking a DSGE Model to the Data Meaningfully

Franchi, Massimo; Jusélius, Katarina - In: Economics: The Open-Access, Open-Assessment E-Journal 1 (2007) 2007-4, pp. 1-38

data. The cointegrated VAR (CVAR) offers a way of doing so. In this paper we outline a method for translating the … assumptions underlying a DSGE model into a set of testable assumptions on a cointegrated VAR model and illustrate the ideas with … assumptions underlying the DSGE model and, hence, the RBC model are rejected when properly tested. Leaving the RBC model aside, we …

Persistent link: https://www.econbiz.de/10010295287