The need for a macroeconomic model
Stochastic simulations on the Romanian macroeconomic model
... c) the shape of the distribution of the stochastic forecast. From a methodological point of view random shocks were induced with the help of a pseudo/random number generator and the shocks were applied to the most ...
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A parsimonious macroeconomic model for asset pricing
... the model, which reinforce each ...non-stockholders need the bond market much more than ...the model abstracts from long-run growth and preferences are of the Epstein-Zin ...
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A Parsimonious Macroeconomic Model for Asset Pricing
... the model, which reinforce each ...non-stockholders need the bond market much more than ...the model abstracts from long-run growth and preferences are of the Epstein-Zin ...
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Inflation and Speculation in a Dynamic Macroeconomic Model
... Keen model by adopting the price dynamics proposed in [ 5 ], and nothing ...Keen model—need to be modified to be expressed in nominal terms, and include inflation or deflation ...
26
A small macroeconomic model of trade and inflation in Ghana
... The objective for including the formal monetary system into the model, is because money plays a pivotal role in a developing economy through the above mentioned …nancial intermediaries. The contributions which ...
37
Bifurcation Analysis of Zellner's Marshallain Macroeconomic Model
... Figure 1. Oscillatory convergence for F 1 = 6.2 > F H . Figure 2. Stable cycles for F 1 = 6 < F H . We emphasize that, for an oscillatory convergence, the elasticity parameters need to be consistent with values of ...
17
The role of expectations in the FRB/US macroeconomic model
... The initial increase in unemployment is smaller if the public fails to recognize immediately the size and persistence of the change in fiscal policy; in this situation, households and firms underestimate the full ...
19
A Model of Ukrainian Macroeconomic Indicators
... 3.2. Profit tax revenues Profit tax is levied on an enterprise's gross profit. Therefore, in order to calculate profit tax revenues for the budget we need to estimate taxable income. The basic principle in ...
32
Macroeconomic resilience in a DSGE model
... log-linearised model presented here only has a single steady ...the model economy will return to the same equilibrium following a given ...this need not be the ...present model since the ...
42
Macroeconomic fluctuations in a New Keynesian disequilibrium model
... smooth macroeconomic adjustment dynamics result, as it is not necessary to assume that goods and labor markets continuously ...the need for deeper analysis and careful monitoring of the disequilibrium ...
20
Macroeconomic Model for Ukraine
... Our analysis starts with the most dynamic period of 1996−1997 in which Ukraine achieved macroeconomic stabilization. It was widely praised by foreign experts. However it was mainly sustained by means of monetary ...
52
On Otaki’s Keynesian Macroeconomic Model
... “Otaki model” is an overlapping generations (OLG) model with fiat money and imperfect ...Otaki model has not been fully understood by ...Otaki model, he implicitly changed the hidden ...
7
A Macroeconomic Model of Biodiversity Protection
... Figure 2. Introduction to the model. sent the buffer. Figure 3 demonstrates the depletion of biodiversity. Given an intra-generationally efficient set of social, po- litical, and institutional arrangements, we see ...
6
THE BRITISH COLUMBIA MACROECONOMIC MODEL
... expenditures included in the model for each level of government are described below. A large number of the equations used in this sector to model revenues and expenditures are simulation rules or ...
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A Macroeconomic Model of the Russian Economy
... to model the price mechanisms in specific economic systems, deep research is necessary to identify these ...the model requires introduction of a series of additional assumptions and the new ...a ...
31
A Macroeconomic Simulation Model for Uzbekistan: Technical Guide to Macroeconomic Applications
... Source: Country-specific estimates in Uzbekistan macro-model database Table 5.2 presents the real cross-rates of Uzbekistan with its major trading partners and all partners. The real cross- rate for the world is ...
41
A macroeconomic structural model for the Portuguese economy
... economy macroeconomic model with some microfoun- dations for external environment and fiscal policy ...simulations. Macroeconomic models with microfoundations (also known as structural models) seem ...
61
Stochastic simulations on the Romanian macroeconomic model
... given model, and subsequently improve them, and, on the other hand, policy makers by incorporating the uncertainty into the decisional mechanism, have additional information which would help them in efficiently ...
18
A macroeconomic structural model for the Portuguese economy
... The model presented in this study assumes that economic agents are rational, in the sense that they form model-consistent expectations on the future path of the economic variables of ...the model is ...
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Macroeconomic Applications of Bayesian Model Averaging
... DPC model is difficult due to label switching (Redner and Walker, 1984 ...sampled model profiles using the information on co-assignment to the same clusters during ...between model profiles when ...
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