[PDF] Top 20 Studies in Endogenous Macroeconomic Dynamics

... The pioneering works that spearheaded the area of mathematical Nonlinear En- dogenous Business Cycle Theory are : Lundberg (1937), Kaldor (1940), Goodwin (1949, 1951) and Hicks (1950). In Kaldor’s model, which builds on ... See full document

... different dynamics and influence macroeconomic variables differently; therefore, different variables are used to capture their dynamics ...these studies find the exchange rate variable ... See full document

... based macroeconomic model with an initial population of homogeneous agents that differentiate along time, thus becoming heterogeneous particularly due to the role they play in productive activities, ...an ... See full document

... In all of these studies, the models used are highly policy relevant and were not modified from their influential previously-published forms. While Grandmont’s model has been criticized for its lack of policy ... See full document

... on endogenous growth model with a small open economy, Bettendorf and Heijdra (2001) used dynamic overlapping- generations model to analyze tariff effects under imperfect competition of commodity markets, and found ... See full document

... several studies have applied panel unit root tests to improve the ...Some studies have also suggested that RER adjustment towards long-run equilibrium might be nonlinear (for example, Taylor et ... See full document

... Policy conclusions obtained from simulations are confirmed when the model is used to determine non-agricultural price and output in the more elaborate, ten-sector applied general equilibrium model (AGEM) developed by ... See full document

... volatility dynamics; the existing studies mainly focused at aggregate market (most) and/or sectoral level ...to macroeconomic exposure of stock ... See full document

... the macroeconomic aggregates, the benchmark model has been able to replicate the positive cross-correlation of GDP, consumption and investment - consistent with the ... See full document

... other macroeconomic variables (prices, wages, GDP ...other endogenous variables) to changes in its underlying exogenous ...adjustment dynamics, this generally results from a slow interaction between ... See full document

... Ownership pattern can also affect the bad loan levels significantly. In times of downturn the government would often turn to banks for financial resources through policy loans for the State Owned Enterprises (SOEs). ... See full document

... This thesis studies the connection between aggregate macroeconomic dynamics and the …nancial sector. Since the work by Mehra and Prescott (1985), it is well known that standard real business cycle ... See full document

... restore comovement would be to allow the demand for labor to be directly affected by the tightenss of bank leverage constraint. This could be done, for example, by introducing working capital constraint as in Mendoza ... See full document

... and dynamics taking into account various interlinkages across equations and present results for a few important ...with dynamics of the system to a 100 bps policy rate shock, the peak decline of about 25 ... See full document

... of macroeconomic shocks on the sustainability of the second-tier banks of the Republic of ...which macroeconomic shocks produce effects on the ...of macroeconomic factors do not affect the banks ... See full document

... The path of foreign inflation is shown in figure 7. At the top panel, foreign inflation fluctuates within a slightly wider region for most of the period in regime 1 (i.e. until date 60). As already mentioned, the reason ... See full document

... A major lesson of the EMU crisis is that serious disequilibria result from regional monetary arrangements not designed to be robust to a variety of shocks. The purpose of this paper is to assess these disequilibria ... See full document

... DOI: 10.4236/am.2018.95037 517 Applied Mathematics ation, combining deterministic and stochastic approaches of the study of real busi- ness cycles. In this equation, we are dealing with two variables that characterize ... See full document

... On the one hand, sharia banking is claimed to be more resilient to shocks due to its characteristics. Two important features of sharia banking that make it conceptually more advantageous than conventional banking are its ... See full document

... The structural approach adopted in this paper aims to trace out the evolution of public debt and deficits over a medium term horizon and its dynamic interaction with other key macroeconomic variables such as ... See full document