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integrate the model into a medium sized DSGE model with capital and show that the resulting model does as well as existing …
Persistent link: https://www.econbiz.de/10011605248
the simplest possible New Keynesian framework with no capital. We then integrate the model into a medium sized DSGE model …
Persistent link: https://www.econbiz.de/10010320732
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 …
Persistent link: https://www.econbiz.de/10010321374
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
We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every period. The workers’ bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i) the more...
Persistent link: https://www.econbiz.de/10011605053
We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i) the more...
Persistent link: https://www.econbiz.de/10010277123
We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated for each period. The workers' bargaining power in the working time negotiations affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i)...
Persistent link: https://www.econbiz.de/10011506677
. 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 …
Persistent link: https://www.econbiz.de/10010397727
degree of confidence by estimating structural (DSGE) models. …
Persistent link: https://www.econbiz.de/10011605234
In a New Keynesian DSGE model with non-Ricardian consumers, we show that automatic stabilization according to a …
Persistent link: https://www.econbiz.de/10010298840