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The existing literature on estimated structural News Driven Business Cycle (NDBC) models has focused almost exclusively on macroeconomic data and has largely ignored asset prices. In this paper, we present evidence that including data on asset prices in the estimation of a structural NDBC model...
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This paper builds a banking DSGE model with endogenous loan-to-value ratios which capture complex relationships between …-owned enterprises is endogenously greater than that for private enterprises in China. This is referred to the discriminatory credit …
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(CCyB) rules in small open economy estimated medium scale DSGE. We find that rules based on the credit gap create a trade …
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I construct a dynamic stochastic general equilibrium (DSGE) model consisting of geographic regions and use state level …. The DSGE model I use is constructed around a centralized monetary authority and financial market with regional output … level and national level data to estimate the regional and national parameters of the DSGE model. I find significant …
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