Showing 71 - 80 of 25,910
We estimate a two-sector DSGE model with financial intermediaries—a-la Gertler and Karadi 2011) and Gertler and …
Persistent link: https://www.econbiz.de/10011260055
In this paper we develop a closed economy DSGE model of Pakistan with informality both in the labor and product markets … our model performs relatively better than existing DSGE literature on emerging markets. We find good degree of evidence of …
Persistent link: https://www.econbiz.de/10011260073
We estimate a two-sector DSGEmodel with financial intermediaries—a-la Gertler and Karadi (2011) and Gertler and Kiyotaki (2010)—and quantify the importance of news shocks in accounting for aggregate and sectoral fluctuations. Our results indicate a significant role of financial market news...
Persistent link: https://www.econbiz.de/10011260551
-switching dynamic stochastic general equilibrium (RS-DSGE) model the natural framework for analyzing the dynamics of macroeconomic …
Persistent link: https://www.econbiz.de/10011199236
We develop a small open economy model with capital, sticky prices, and a simple form of financial frictions. We compare welfare levels under three alternative rules: a domestic inflation-based Taylor rule, a CPI inflation-based Taylor rule, and an exchange rate peg. We show that the superiority...
Persistent link: https://www.econbiz.de/10011199659
, but since 2005 the housing sector has become more cyclical. Second, we develop a cascade of increasingly complex DSGE …
Persistent link: https://www.econbiz.de/10011203196
This paper intends to perform a simple impulse-response analysis on the Romanian economy with the help of a DSGE model …. The DSGE methodology has its origins in the Real Business Cycle Theory, and recently it became quite popular, especially … first step in developing a DSGE model that can be used for policy purposes. …
Persistent link: https://www.econbiz.de/10008855110
We estimate a New Keynesian DSGE model on French, German and Spanish data. The main aim of this paper is to check for … each single parameter in a DSGE model separately. In the case of France and Germany our results point to structural breaks …
Persistent link: https://www.econbiz.de/10008862923
When the central bank is the sole policymaker, the combination of limited asset market participation and consumption habits can have dramatic implications for the optimal monetary policy rule and for stability properties of a business cycle model characterized by price and nominal wage...
Persistent link: https://www.econbiz.de/10008865965
El documento aborda los posibles efectos que puede tener la inclusión de agentes noricardianos en un modelo de equilibrio general dinámico sobre el llamado principio deTaylor; al hacerlo se encuentra que el principio de Taylor sólo se modifica bajo ciertascondiciones sobre las rigideces...
Persistent link: https://www.econbiz.de/10008914320