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Solving linear DSGE models with Newton methods

Meyer-Gohde, Alexander; Saecker, Johanna - 2022

quadratic that underlies the recursive solution of linear DSGE models. The methods are compared using nearly 100 different … solving DSGE models, providing higher accuracy as measured by the forward error of the solution at a comparable computation …

Persistent link: https://www.econbiz.de/10013375524

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

Solving linear DSGE models with Bernoulli iterations

Meyer-Gohde, Alexander - 2023

This paper presents and compares Bernoulli iterative approaches for solving linear DSGE models. The methods are … methods compare favorably in solving DSGE models to the QZ, providing similar accuracy as measured by the forward error of the …

Persistent link: https://www.econbiz.de/10014282693

Softening the blow: Job retention schemes in the pandemic

Mohimont, Jolan; De Sola Perea, Maite; Zachary, Marie-Denise - 2022

heterogenous agents DSGE model calibrated to the euro area. We find that the welfare cost of the COVID shock is large. Households …

Persistent link: https://www.econbiz.de/10014305313

How to promote alternative macroeconomic ideas: are there limits to running with the (mainstream) pack?

Dullien, Sebastian - In: European Journal of Economics and Economic Policies: … 14 (2017) 2, pp. 238-249

dynamic stochastic general equilibrium (DSGE) models, to promote economic policy conclusions usually found in post … policy conclusions and of stabilizing the use of the DSGE models in mainstream economics, hence potentially delaying a …

Persistent link: https://www.econbiz.de/10014363296

Numerical stability analysis of linear DSGE models: Backward errors, forward errors and condition numbers

Meyer-Gohde, Alexander - 2023

stability of the solutions of linear dynamic stochastic general equilibrium (DSGE) models. Comparing seven different solution … inaccuracies. The analysis is then performed for a database of roughly 100 DSGE models from the literature and a large set of draws …

Persistent link: https://www.econbiz.de/10014431708

The Environmental Multi-Sector DSGE model EMuSe: A technical documentation

Hinterlang, Natascha; Martin, Anika; Röhe, Oke; … - 2023

Climate change and climate policy will have far-reaching economic implications, thereby also posing new challenges for macroeconomic analysis. This is partly because climate risks have an important global dimension. Moreover, climate change and climate polices are likely to affect different...

Persistent link: https://www.econbiz.de/10014445739