Results 1 - 10
of
36,743
AN ESTIMATED STOCHASTIC DYNAMIC GENERAL EQUILIBRIUM MODEL OF THE EURO AREA
, 2002
"... This paper develops and estimates a stochastic dynamic general equilibrium (SDGE) model with sticky prices and wages for the euro area. The model incorporates various other features such as habit formation, costs of adjustment in capital accumulation and variable capacity utilisation. It is estimate ..."
Abstract
-
Cited by 363 (11 self)
- Add to MetaCart
This paper develops and estimates a stochastic dynamic general equilibrium (SDGE) model with sticky prices and wages for the euro area. The model incorporates various other features such as habit formation, costs of adjustment in capital accumulation and variable capacity utilisation
Robustness of Rational Expectations in Dynamic General Equilibrium Model
"... Abstract We consider a one sector dynamic general equilibrium model with possibility that a consumer does not know about a future economy. If a consumer updates his forecast by learning, we show that even a rough expectation can maintain stability of a steady state though a learning process does no ..."
Abstract
- Add to MetaCart
Abstract We consider a one sector dynamic general equilibrium model with possibility that a consumer does not know about a future economy. If a consumer updates his forecast by learning, we show that even a rough expectation can maintain stability of a steady state though a learning process does
Chapter 5 Applied Dynamic General Equilibrium Models
"... M2-PPD, M2-APE, 2009-10The need for a dynamic perspective in evaluating policies • Most macro-economic shocks and policies trigger responses that are essentialy dynamic – Agents anticipate future changes in their economic environment and adapt on the basis of these anticipations – The timing of thes ..."
Abstract
- Add to MetaCart
of these adjustments is important for evaluation purposes • All policies that imply behavioral responses affecting savings and investment need to be evaluated within such frameworkTypes of dynamic general equilibrium models • Sequentially dynamic general equilibrium models – Static models are applied in a sequence
Solving Dynamic General Equilibrium Models Using a Second-Order Approximation to the Policy Function
, 2002
"... ..."
The simplest dynamic general-equilibrium model of an open economy
- Journal of Policy Modeling
, 1998
"... This paper presents the simplest possible general-equilibrium model of an open economy in which producer and consumer decisions are both intra- and intertemporally consistent. Consumers maximize the present value of the utility of consumption; producers maximize the present value of profits. The mod ..."
Abstract
-
Cited by 15 (3 self)
- Add to MetaCart
This paper presents the simplest possible general-equilibrium model of an open economy in which producer and consumer decisions are both intra- and intertemporally consistent. Consumers maximize the present value of the utility of consumption; producers maximize the present value of profits
A Dynamic General Equilibrium Model of Temporary Contracts
"... Job security provisions, particularly those regarding workers' layoffs, are commonly invoked to explain the large and persistent differences between European and U.S. unemployment rates. This fact has led European countries to undertake reforms... ..."
Abstract
- Add to MetaCart
Job security provisions, particularly those regarding workers' layoffs, are commonly invoked to explain the large and persistent differences between European and U.S. unemployment rates. This fact has led European countries to undertake reforms...
Bayesian estimation of a Dynamic General Equilibrium Model for the Polish economy
"... The paper presents the Bayesian estimation of a Dynamic General Equilibrium model for the Polish data. The structural parameters of the original model were calibrated and the model was used to in a context of accounting for the welfare cost of business cycles and investigating the monetary policy. ..."
Abstract
- Add to MetaCart
The paper presents the Bayesian estimation of a Dynamic General Equilibrium model for the Polish data. The structural parameters of the original model were calibrated and the model was used to in a context of accounting for the welfare cost of business cycles and investigating the monetary policy
An Estimated Dynamic, General Equilibrium Model for Monetary Policy Analysis∗ (Preliminary and Incomplete)
, 2002
"... We describe a strategy for fitting a multiple shock, dynamic general equilibrium model to the data. In this draft, we describe results for a version of the model with monetary policy shocks and with persistent shocks to technology. The model does well at reproducing the dynamic effects of these shoc ..."
Abstract
- Add to MetaCart
We describe a strategy for fitting a multiple shock, dynamic general equilibrium model to the data. In this draft, we describe results for a version of the model with monetary policy shocks and with persistent shocks to technology. The model does well at reproducing the dynamic effects
A Dynamic General Equilibrium Model with Terms of Trade Shocks: A Small Open Economy Case
, 2003
"... This paper consider a dynamic general equilibrium model that is used in the discussion of the questions posed by fluctuations in terms of trade in both goods and capital in a developing economy with a single export. The ..."
Abstract
- Add to MetaCart
This paper consider a dynamic general equilibrium model that is used in the discussion of the questions posed by fluctuations in terms of trade in both goods and capital in a developing economy with a single export. The
An Estimable Dynamic General Equilibrium Model of Work, Schooling and Occupational Choice
, 2001
"... This paper develops and estimates a dynamic general equilibrium overlapping generations model of career decisions. The model is fit to data on life cycle employment, schooling and occupation decisions, and on life cycle labor earnings, within and between cohorts observed in the US between 1968 and 1 ..."
Abstract
-
Cited by 48 (2 self)
- Add to MetaCart
This paper develops and estimates a dynamic general equilibrium overlapping generations model of career decisions. The model is fit to data on life cycle employment, schooling and occupation decisions, and on life cycle labor earnings, within and between cohorts observed in the US between 1968
Results 1 - 10
of
36,743