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This paper updates the analysis of the global macroeconomic consequences of the COVID-19 pandemic in earlier papers by the authors with data as of late October 2020. It also extends the focus to Asian economies and explores four alternative policy interventions that are coordinated across all...
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I build a small open economy (SOE) dynamic stochastic general equilibrium (DSGE) model to investigate the effect of a …
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several combinations of a large-scale DSGE structural model with standard reduced-form methods such as (B)VAR (i.e. DSGE … that: (i) the DSGE model underestimates growth of real variables due to its mean reverting properties in the context of a …
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This study examines, diagnoses, and assesses appropriate macroeconomic policy responses of the Montenegrin Government to the outbreak of COVID-19. The model econometrically measures the macroeconomic costs using a Bayesian VARX Litterman/ Minessota prior to the pandemic disease in terms of...
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