The paper adds a moral hazard problem between banks and depositors as in Gertler and Karadi (2011) to a DSGE model with … simulation of a bank balance sheet shock produces a downturn of a magnitude similar to the "Great Recession". …

.S. output and hours. Moreover, like a textbook demand shock, these disturbances drive prices higher in expansions. We reach … these conclusions by estimating a dynamic stochastic general equilibrium (DSGE) model with several shocks and frictions. We …

We outline a dynamic stochastic general equilibrium (DSGE) model with trend extrapo-lation in asset pricing that we fit … to quarterly U.S. macroeconomic time series with Baye-sian techniques. To be more precise, we modify the DSGE model in … an important in-gredient in DSGE models that aim to understand business cycles dynamics in general and the interaction …

that the ith changes its prices in response to a shock. In this Calvo setup the moments of the cross sectional distribution …

The dynamic stochastic general equilibrium (DSGE) models used to study business cycles typically assume that exogenous … econometric method that uses conjugate conditionals to allow for feasible and quick estimation of DSGE models with correlated … resolves some conflicts between estimates from DSGE models and those from vector autoregressions and that a key missing …

. This paper develops a model of the Chinese economy using a DSGE framework with a banking sector to shed light on this … finds that the main shocks hitting China in the crisis were international and that domestic banking shocks were unimportant …

We propose a method to incorporate information from Dynamic Stochastic General Equilibrium (DSGE) models into Dynamic … DSGE model. In contrast to standard Dynamic Factor Analysis, a direct economic interpretation of the factors is given. We … evaluate the forecast performance of the model with respect to the amount of information from the DSGE model included in the …