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Economists, incentives, judgment, and the European CVAR approach to macroeconometrics

Colander, David C. - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-9, pp. 1-21

This paper argues that the DSGE approach to macroeconometrics is the dominant approach because it meets the …. It further argues that this 'DSGE theory-first' approach is inconsistent with the historical approach that economists …

Persistent link: https://www.econbiz.de/10010298628

Examining monotonicity and saliency using level-k reasoning in a voting game

Bassi, Anna; Williams, Kenneth C. - In: Games 5 (2014) 1, pp. 26-52

This paper presents an experiment that evaluates the effect of financial incentives and complexity in political science … complexity promotes the highest degree of level-k strategic reasoning in every payment treatment. Standard financial incentives … voting experiments. To evaluate the effect of complexity we adopt a level-k reasoning model concept. This model by Nagel [1 …

Persistent link: https://www.econbiz.de/10010369371

Groping in the dark? Recent contributions to progress in interpretative research - a review

Mayrhofer, Wolfgang - In: Zeitschrift für Personalforschung (ZfP) 23 (2009) 2, pp. 166-182

This papers reviews recent books supporting the development of using qualitative methods in interpretative research. Revolving around three major issues, i.e. increasing the level of rigour, using software packages and new methodological developments, the paper outlines the specific...

Persistent link: https://www.econbiz.de/10010292575

The macroeconomic effects of import tariffs in a model with multinational firms and foreign direct investment

Roeger, Werner; Welfens, Paul J. J. - In: International Economics and Economic Policy 19 (2022) 2, pp. 245-266

tariffs in the context of a two-region DSGE model with both an exporting and an FDI sector. We find that the tariff jumping …

Persistent link: https://www.econbiz.de/10015209902

The German labor market during the Great Recession: Shocks and institutions

Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian - In: Economic Modelling 78 (2019), pp. 192-208

This paper analyzes Germany’s unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...

Persistent link: https://www.econbiz.de/10013436693

Aggregate shocks and the Brazilian housing market dynamics

da Silva, Marcelo Eduardo Alves; Besarria, Cássio da … - In: EconomiA 20 (2019) 2, pp. 121-137

business cycle movements. We use a SVAR approach with sign restriction backed by a Dynamic Stochastic General Equilibrium (DSGE …

Persistent link: https://www.econbiz.de/10013466660

Lockdown policies: A macrodynamic perspective for COVID-19

Busato, Francesco; Chiarini, Bruno; Cisco, Gianluigi; … - In: EconomiA 22 (2021) 3, pp. 198-213

The COVID-19 pandemic has produced a global health and economic crisis. The entire world has faced a trade-off between health and recessionary effects. This paper investigates this trade-off according to a macro-dynamic perspective. We set up and simulate a Dynamic Stochastic General Equilibrium...

Persistent link: https://www.econbiz.de/10013466700

Towards an effective fiscal stimulus: Evidence from Botswana

Timuno, Sayed O. M.; Eita, Joel Hinaunye - In: Cogent Economics & Finance 8 (2020) 1, pp. 1-19

better. To address this concern, this paper uses a Dynamic Stochastic General Equilibrium (DSGE) model to propose a fiscal …

Persistent link: https://www.econbiz.de/10014001324

Out of Sync Subnational Housing Markets and Macroprudential Policies in the UK

Funke, Michael; Mihaylovski, Petar; Wende, Adrian - In: De Economist 169 (2021) 4, pp. 445-467

-region DSGE model with out of sync subnational housing markets and compare four policy types: standard monetary policy, leaning …

Persistent link: https://www.econbiz.de/10014501365

Taking a DSGE Model to the Data Meaningfully

Franchi, Massimo; Jusélius, Katarina - In: Economics: The Open-Access, Open-Assessment E-Journal 1 (2007) 2007-4, pp. 1-38

data. The cointegrated VAR (CVAR) offers a way of doing so. In this paper we outline a method for translating the … assumptions underlying a DSGE model into a set of testable assumptions on a cointegrated VAR model and illustrate the ideas with … assumptions underlying the DSGE model and, hence, the RBC model are rejected when properly tested. Leaving the RBC model aside, we …

Persistent link: https://www.econbiz.de/10010295287