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Money in a New-Keynesian model estimated with German data
Werner, Thomas; Lombardo, Giovanni; Kremer, Jana - 2003
In this paper we estimate a simple New-Keynesian DSGE model with German data for the sample period 1970:q1 to 1998:q4 …
Persistent link: https://www.econbiz.de/10010295763
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Sticky Information vs. Sticky Prices : A Horse Race in a DSGE Framework
Trabandt, Mathias - 2003
disinflations are contractionary and iii) inflation accelerates with vigorous economic activity. We develop a fully-fledged DSGE …
Persistent link: https://www.econbiz.de/10010296476
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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
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The debt brake: business cycle and welfare consequences of Germany's new fiscal policy rule
Mayer, Eric; Stähler, Nikolai - 2009
In a New Keynesian DSGE model with non-Ricardian consumers, we show that automatic stabilization according to a …
Persistent link: https://www.econbiz.de/10010298840
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Forecasting under Model Uncertainty
Wolters, Maik H. - 2011
(DSGE) models for output growth, inflation and the interest rate. The model parameters are estimated and forecasts are … DSGE models with the actual distribution of observations shows that the models overestimate uncertainty around point …
Persistent link: https://www.econbiz.de/10010305958
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Tales of transition paths: Policy uncertainty and random walks
Hollmayr, Josef; Matthes, Christian - 2015
What happens when fiscal and/or monetary policy changes systematically? We construct a DSGE model in which agents have …
Persistent link: https://www.econbiz.de/10011291861
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German wage moderation and European imbalances: Feeding the global VAR with theory
Bettendorf, Timo; León-Ledesma, Miguel A. - 2015
German labor market reforms in the 1990s and 2000s are generally believed to have driven the large increase in the dispersion of current account balances in the Euro Area. We investigate this hypothesis quantitatively. We develop an open economy New Keynesian model with search and matching...
Persistent link: https://www.econbiz.de/10011291863
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Cross-border banking and business cycles in asymmetric currency unions
Dräger, Lena; Proaño, Christian R. - 2015
purpose, we incorporate in an otherwise standard two-region monetary union DSGE model a banking sector module along the lines …
Persistent link: https://www.econbiz.de/10011301349
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Risk, Intermediate Input Prices and Missing Deflation During the Great Recession
Kara, Engin; Pirzada, Ahmed Jamal - 2015
During the Great Recession, despite the large fall in output, inflation did not fall much. This is known as the missing deflation puzzle. In this paper, we develop and estimate a New Keynesian Dynamic Stochastic General Equilibrium model to provide an explanation for the puzzle. The new model...
Persistent link: https://www.econbiz.de/10011307091
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Cross-border banking and business cycles in asymmetric currency unions
Dräger, Lena; Proaño, Christian R. - 2015
purpose, we incorporate in an otherwise standard two-region monetary union DSGE model a banking sector module along the lines …
Persistent link: https://www.econbiz.de/10011341027