[PDF] Top 20 Inflation targeting in China based on a dynamic stochastic general equilibrium model

... Strict inflation or flexible inflation targeting, which is more suitable for China? By building, calibrating and estimating a new Keynesian DSGE model, we analyze and compare the effect ... See full document

... and inflation targeting ...Keynesian dynamic stochastic general equilibrium (DSGE) model for Iran using Bayesian method under the assumption that these policies will have ... See full document

... global inflation has undergone some ...the dynamic effects of three external shocks (global oil price shock, euro / dollar exchange rate shock and global inflation shock) as well as to investigate ... See full document

... DSGE model to include the financial accelerator (procyclicality effect), aiming to detect the financial accelerator and its impact on the macroeconomy in the case of a shock, capture the linkages between the ... See full document

... timal dynamic stochastic general equilibrium of the nexus among housing pric- es, energy consumption, and economic ...This model would require an in-depth analysis of dynamic ... See full document

... By contrast, inflation declines and remains at a low level for a long period. The net worth and debt accumulation of the whole economy increase signifi- cantly, and the leverage ratio also increases and remains ... See full document

... a dynamic stochastic general equilibrium model focusing a greater role for the fiscal ...agents based model very effective for assessing outcomes of different economic ... See full document

... DSGE model used in this paper shares the essential features of this class of models (in particular the sticky, but forward-looking price ...our model also features a relatively large number of additional ... See full document

... Keynesian model the money term enters the equilibrium conditions only in single place – in money demand equation ...or inflation or the interest rate in ...DSGE model, IRFs of which show ... See full document

... Keynesian Dynamic Stochastic General Equilibrium ...our model, the different types of nominal rigidities are introduced beside all the related structural equations, which are extracted ... See full document

... DSGE model in RBC modeling approach. In this model, stock price bubbles appear endogenously in a positive feedback mechanism that is supported by people ...are based on rationality and the strong ... See full document

... a dynamic stochastic general equilibrium model of a closed economy which approximately accounts for the empirical evidence concerning the monetary transmission mechanism, as summarized ... See full document

... a dynamic equation, with emphasis on production and ...Keynesian dynamic equilibrium model for Iran economy, the role of monetary policy in transferring oil shocks was ...presented ... See full document

... The parameter estimates and impulse response functions of nine real and nominal shocks such as monetary policy shock and productivity shock in the Japanese economy are estimated to be quite consistent with the previous ... See full document

... and inflation targeting in a small open economy is currently an active area of ...DSGE model of a small open economy which approximately accounts for the empirical evidence concerning the monetary ... See full document

... of Dynamic Stochastic General Equilibrium (hereafter DSGE) models has been heightened in recent years due to advances in ...particular equilibrium relationships as in Christiano and ... See full document

... price model, the Phillips curve is derived from a dynamic stochastic general equilibrium (DSGE) model, and relates current inflation to inflation ex- pectations, ... See full document

... trend inflation, productivity growth, and population growth generally predict the existence of common deterministic or stochastic ...common stochastic trends include those of Altig, Christiano, ... See full document

... There are two illustrative calculations reported in this paper. The first compares the marginal cost of funds (MCF) from Colombia’s major tax streams. Here we find that one peso of public funds costs 1.2 to 5 or more ... See full document

... benchmark model is developed. This benchmark model shuts down the optimal loan- to-value ratio ...benchmark model fix the loan-to-value ratio to its steady state ...the model developed in the ... See full document