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Comparing dynamic equilibrium economies to data
Fernández-Villaverde, Jesús; Rubio-Ramírez, Juan … - 2001
Persistent link: https://www.econbiz.de/10001630682
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A macroeconomic model for the evaluation of labor market reforms
Krebs, Tom; Scheffel, Martin - 2010
We develop a tractable macroeconomic model with employment risk and labor market search in order evaluate the effects of labor market reform on unemployment, growth, and welfare. The model has a large number of risk-averse households who can invest in risk-free physical capital and risky human...
Persistent link: https://www.econbiz.de/10008651589
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Monetary transmission channels in DSGE models : decomposition of impulse response functions approach
Labus, Miroljub; Labus, Milica - In: Computational economics 53 (2019) 1, pp. 27-50
Persistent link: https://www.econbiz.de/10012134534
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BEMGIE : Belgian Economy in a Macro General and International Equilibrium model
De Walque, Gregory; Lejeune, Thomas; Rannenberg, Ansgar; … - 2023
This paper outlines the three-country New Keynesian Dynamic Stochastic General Equilibrium model of the National Bank of Belgium. The model is named BEMGIE for Belgian Economy in a Macro General and International Equilibrium model. It features imperfect market competition, standard real and...
Persistent link: https://www.econbiz.de/10014233574
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Myopic behaviour in macroeconomic models : empirical evidence from the US
Hohberger, Stefan; Ifrim, Adrian; Pataracchia, Beatrice - 2024
Persistent link: https://www.econbiz.de/10014519126
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CHINAGEM - A Dynamic General Equilibrium Model of China: Theory, Data and Applications
Peng, Xiujian (ed.) - 2023
application -- Chatper 9. China’s new population policy and its effects on macro economy – population projection module and its … application -- Chapter 10. China’s economic transition and its effect on energy demand and greenhouse emissions – energy and … (CGE) model of China and its applications. Specifically, this book documents the theory and database behind the CHINAGEM …
Persistent link: https://www.econbiz.de/10014333807
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Inference in models with adaptive learning
Chevillon, Guillaume; Massmann, Michael; Mavroeidis, … - In: Journal of monetary economics 57 (2010) 3, pp. 341-351
Persistent link: https://www.econbiz.de/10003976919
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Testing macro models by indirect inference : a survey for users
Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; … - 2015
With Monte Carlo experiments on models in widespread use we examine the performance of indirect inference (II) tests of DSGE models in small samples. We compare these tests with ones based on direct inference (using the Likelihood Ratio, LR). We find that both tests have power so that a...
Persistent link: https://www.econbiz.de/10011317836
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The impact of uncertainty shocks under measurement error : a proxy SVAR approach
Carriero, Andrea; Mumtaz, Haroon; Theodoridis, Konstantinos - 2013
A growing empirical literature has considered the impact of uncertainty using SVAR models that include proxies for uncertainty shocks as endogenous variables. In this paper we consider the possible impact of measurement error in the uncertainty shock proxies on the estimated impulse responses...
Persistent link: https://www.econbiz.de/10009784657
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Testing DSGE models by indirect inference and other methods : some Monte Carlo experiments
Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; … - 2012
far the greatest, necessitating re-estimation by indirect inference to ensure that the model is tested in its fullest …
Persistent link: https://www.econbiz.de/10009563550