Narrow search
Showing 1 - 10 of 4,371
Cover Image
Unusual shocks in our usual models
Ferroni, Filippo; Fisher, Jonas D. M.; Melosi, Leonardo - 2022
and apply it to study the macroeconomic effects of the Covid shock. The initial outbreak is represented as the onset of a … new shock process where the shock loads on wedges associated with the model's usual shocks. Realizations of the Covid … shock come with news about its propagation, allowing us to disentangle the role of beliefs about the future of the pandemic …
Persistent link: https://www.econbiz.de/10013375147
Cover Image
Forecasting and policy making
Wieland, Volker; Wolters, Maik H. - 2012
Persistent link: https://www.econbiz.de/10010394237
Cover Image
Oil price shocks and macroeconomic dynamics in an oil-exporting emerging economy : a New Keynesian DSGE approach
Oladunni, Sunday - In: CBN journal of applied statistics 11 (2020) 1, pp. 1-34
a new Keynesian dynamic stochastic general equilibrium (DSGE) model to study how an oil price shock impact macroeconomic … aggregates in an oil-rich emerging economy. We consider a positive oil price shock to uncover the extent to which oil price … oil price shock, reveal evidence of Dutch disease and the operation of the Harrod-Balassa-Samuelson effect. We find a …
Persistent link: https://www.econbiz.de/10012297450
Cover Image
Assessing Brazilian macroeconomic dynamics using a Markov-switching DSGE model
Gonçalves, Caio César Soares; Portugal, Marcelo Savino; … - In: Economia : revista da ANPEC 17 (2016) 1, pp. 23-42
The goal of this paper is to evaluate the behavior of the main parameters of the Brazilian economy through the estimation of an open-economy dynamic stochastic general equilibrium (DSGE) model using Bayesian methods and allowing for Markov switching of certain parameters. Using the DSGE model...
Persistent link: https://www.econbiz.de/10011865618
Cover Image
The effects of fiscal policy in an estimated DSGE model : the case of the German stimulus packages during the great recession
Drygalla, Andrej; Holtemöller, Oliver; Kiesel, Konstantin - 2018
In this paper, we analyse the effects of the stimulus packages adopted by the German government during the Great Recession. We employ a standard mediumscale dynamic stochastic general equilibrium (DSGE) model extended by nonoptimising households and a detailed fiscal sector. In particular, the...
Persistent link: https://www.econbiz.de/10011804350
Cover Image
The Inverted Leading Indicator Property and Redistribution Effect of the Interest Rate
Pintus, Patrick - 2017
The interest rate at which US firms borrow funds has two features: (i) it moves in a countercyclical fashion and (ii) it is an inverted leading indicator of real economic activity: low interest rates today forecast future booms in GDP, consumption, investment, and employment. We show that a...
Persistent link: https://www.econbiz.de/10012964846
Cover Image
The Inverted Leading Indicator Property and Redistribution Effect of the Interest Rate
Pintus, Patrick; Wen, Yi; Xing, Xiaochuan - 2019
The interest rate at which US firms borrow funds has two features: (i) it moves in a countercyclical fashion and (ii) it is an inverted leading indicator of real economic activity: low interest rates today forecast future booms in GDP, consumption, investment, and employment. We show that a...
Persistent link: https://www.econbiz.de/10014123908
Cover Image
Untangling crises : GFC and COVID-19 through the lens of a DSGE model
Peña, Rogelio De la; García, Ignacio - In: Latin American journal of central banking : LAJCB 4 (2023) 2, pp. 1-29
had been severely affected by the demand shock (around 45.1%), the financial shocks (32.2%), and the productivity shock …
Persistent link: https://www.econbiz.de/10014382934
Cover Image
Macroeconomic effects of COVID-19 in a commodity-exporting economy : evidence from Mongolia
Doojav, Gan-Ochir - 2022
channel of wage shock to consumer price passing through bank credit. …
Persistent link: https://www.econbiz.de/10013350796
Cover Image
Would DSGE models have predicted the Great Recession in Austria?
Breuss, Fritz - 2016
DSGE (Dynamic stochastic general equilibrium) models are the common workhorse of modern macroeconomic theory. Whereas story-telling and policy analysis were in the forefront of applications since its inception, the forecasting perspective of DSGE models is only recently topical. In this study,...
Persistent link: https://www.econbiz.de/10011561187