open economy dsge model
A Small Open Economy DSGE Model for Pakistan
... small open economy Dynamic Stochastic General Equilibrium (DSGE) model for Pakistan using Bayesian simulation ...approach. Model setup is based on new Keynesian framework, characterized ...
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Monetary Policy Transmission Mechanism, Financial Frictions in closed and open economy DSGE models
... an open economy DSGE model with an oligopolistically competitive banking sector, considering Australia as an ...estimated model for Australia finds a strong stock market effect in ...
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A DSGE Model for China’s Monetary and Macroprudential Policies
... small open-economy DSGE ...an open-economy DSGE model for Euro Area to study the interdependencies of monetary and macroprudential ...policies. DSGE models are also ...
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Measuring the natural output level by DSGE models: An empirical investigation for Switzerland
... well-specified DSGE models using Kalman filtering ...the model equations given as state transition equations and the measure- ments available to the ...small open economy DSGE ...
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A small open economy modelling: A Bayesian DSGE approach
... the model are sensitive to variations in model specifications, implying that quantitative changes in the model performance are associated with both the difference in the equation form (Phillips ...
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A DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM (DSGE) MODEL TO ASSESS THE IMPACT OF STRUCTURAL REFORMS ON THE INDONESIAN ECONOMY
... small open economy OECD member using the Real Business Cycle (RBC) ...their model specification is the consumer preference follows a constant elasticity of substitution (CES), where the intratemporal ...
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INTERNALISASI SEKTOR PERBANKAN DALAM MODEL DSGE
... dibangun model DSGE untuk perkenomian terbuka (small open economy) yang telah dilengkapi oleh financial frictions berupa collateral constraints dan sektor perbankan yang didesain sesuai dengan ...
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A small open economy New Keynesian model for a foreign exchange constrained economy
... a model. Accordingly, to simulate the model and then to compare the dynamics of some fundamental macroeconomic variables in response to various shocks with that of the standard model, parameters of ...
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An Estimated Bayesian DSGE Model for Kazakhstan
... estimated DSGE models for developed economies are closed economy versions of New Keynesian models as in Christiano et ...The open economy versions of DSGE models have become more ...
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Monetary Policy in a Small Open Economy with Non Separable Government Spending
... these DSGE models and the ones produced by some empirical models which illustrate a positive effect of government consumption on private ...RBC model and use the complementarity assumption to analyse the ...
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Exchange Rate Dynamics and Monetary Policy in a Small Open Economy: A DSGE Model
... small economy corresponds to that of the world economy, with the law of one price implying a constant real exchange rate (and therefore aggregate PPP) and a perfect correlation between domestic and world ...
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A small open economy model for Nigeria: a BVAR DSGE approach
... Our approach is very revealing in pointing out how the CBN reacts to cycles. In all the rules considered, the Central Bank of Nigeria (CBN) places little weight on the ex- change rate behaviour in reacting to the cycles, ...
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Predictive performance of DSGE model for small open economy – the case study of Czech Republic
... First DSGE models (RBC – Real Business Cycles) are based on the neoclassical approach, where households and fi rms optimize their behavior through fl exible pricing, economic fl uctuations are caused by the reaction ...
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The Effect of Exchange Rate, Oil Prices and Global Inflation Shocks on Macroeconomic Variables for the Iranian Economy in the form of a DSGE Model
... the economy are just one aspect of the matter, and the analysis of adjustments is also on the other ...base model and the exchange rate, real variables follow an unstable adjustment ...base model, ...
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The NNP and Sustainability in Open Economy: Highlights on Recent World Economy and on Open Economy of Bangladesh
... the economy and frustrate future planning of economic development. Economy is sick due to high inflation rate, poor energy supply in industries and ...Its economy is open after the independent ...
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A DSGE model for Fiscal Policy Analysis in The Gambia
... the DSGE model on US data to evaluate fiscal multiplier under different monetary regimes (Leeper et ...New-Keynesian model to show analytically and through simulations how different sources of fiscal ...
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Agricultural Economic Dynamics in a Bayesian DSGE Model for Iran
... the model to data all the nine-time series are log-transformed and Hodrick-Prescott (HP) filtered (λ=1600) except for the inflation rate that is just HP ...
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Budgetary Policies in a DSGE Model with Finite Horizons
... the model is that fiscal expansions tend to generate an intertemporal trade-off: positive fiscal shocks are expansionary in the short run but are likely to generate persistent adverse effects on economic activity in ...
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A time varying DSGE model with financial frictions
... SW model, the main di¤erence of the model discussed in this paper is the inclusion of a …nancial sector from where entrepreneurs borrow funds to …nance their ...the model assumes that a constant ...
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DSGE Model Evaluation in a Bayesian Framework: an Assessment
... the model is true, how false is it?", instead the calibration tries to reply to the question: "Given that the model is false, how true is it? ...testing model process, an econometrician takes ...
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