Similar Search Results

Macroeconomic policy in DSGE and agent-based models redux : new developments and challenges ahead

Fagiolo, Giorgio; Roventini, Andrea - 2016

The Great Recession seems to be a natural experiment for economic analysis, in that it has shown the inadequacy of the predominant theoretical framework - the New Neoclassical Synthesis (NNS) - grounded on the DSGE model. In this paper, we present a critical discussion of the theoretical,...

Persistent link: https://www.econbiz.de/10011457386

Macroeconomic Policy in DSGE and Agent-Based Models Redux : New Developments and Challenges Ahead

Fagiolo, Giorgio - 2016

Persistent link: https://www.econbiz.de/10012994744

Macroeconomic Policy in DSGE and Agent-Based Models

Fagiolo, Giorgio - 2012

The Great Recession seems to be a natural experiment for macroeconomics showing the inadequacy of the predominant theoretical framework - the New Neoclassical Synthesis - grounded on the DSGE model. In this paper, we present a critical discussion of the theoretical, empirical and...

Persistent link: https://www.econbiz.de/10013110141

The New Keynesian approach to dynamic general equilibrium modeling : models, methods, and macroeconomic policy evaluation

Schmidt, Sebastian; Wieland, Volker - 2012

This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models. Building blocks of current-generation dynamic...

Persistent link: https://www.econbiz.de/10010391304

Chapter 22. The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation

Schmidt, Sebastian; Wieland, Volker - In: Handbook of computable general equilibrium modeling : …, (pp. 1439-1512). 2013

Persistent link: https://www.econbiz.de/10014025269

Macroeconomic policy in DSGE and agent-based models redux : new developments and challenges ahead

Fagiolo, Giorgio; Roventini, A. - 2016

Persistent link: https://www.econbiz.de/10011644103

Fiscal and monetary policies in complex evolving economies

Dosi, Giovanni; Fagiolo, Giorgio; Napoletano, Mauro; … - 2014

In this paper we explore the effects of alternative combinations of fiscal and monetary policies under different income distribution regimes. In particular, we aim at evaluating fiscal rules in economies subject to banking crises and deep recessions. We do so using an agent-based model populated...

Persistent link: https://www.econbiz.de/10010403730

Micro and macro policies in the Keynes+Schumpeter evolutionary models

Dosi, Giovanni; Napoletano, Mauro; Roventini, Andrea; … - 2014

This paper presents the family of the Keynes+Schumpeter (K+S, cf. Dosi et al, 2010, 2013, 2014) evolutionary agent-based models, which study the effects of a rich ensemble of innovation, industrial dynamics and macroeconomic policies on the long-term growth and short-run fluctuations of the...

Persistent link: https://www.econbiz.de/10010430728

Monetary and fiscal policy in times of crises : a new Keynesian perspective in continuous time

Hayo, Bernd; Niehof, Britta - 2014 - This version: October 27, 2014

To analyse the interdependence between monetary and fiscal policy during a financial crisis, we develop an open … find evidence that the modified Taylor rule notably reduces the likelihood that the financial market crisis affects the … country where the crisis originated and a positive inflation rate in the other country. …

Persistent link: https://www.econbiz.de/10010419528

Essays on macroeconomic theory as a guide to economic policy

Ried, Stefan - 2009

Persistent link: https://www.econbiz.de/10003947976

1
2
3
4
5
6
7
8
9
10
Next
Last