Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies.

This paper presents and estimates a small open economy dynamic stochastic general-equilibrium model (DSGE) for the Jordanian economy. The model features nominal and real rigidities, imperfect ...

This paper studies dynamic identification of parameters of a dynamic stochastic general equilibrium model from the first and second moments of the data. Classical results for dynamic simultaneous ...

This is a preview. Log in through your library . Abstract In recent years Dynamic Stochastic General Equilibrium models have come to play an increasing role in central banks, as an aid in the ...

A Bank of Korea analysis has found that lowering the base interest rate in a situation where vague expectations of rising housing prices are high stimulates housing prices but has limited effects on ...

3. The Smets-Wouters (2007) model is considered the best of a bad bunch, the dwarf among pygmies. Smets-Wouters, 2007 is generally considered the most accurate general model of the economy in ...

Merton, Robert C. "A Dynamic General Equilibrium Model of the Asset Market and Its Application to the Pricing of the Capital Structure of the Firm." Sloan School of Management Working Paper, No.

MAINSTREAM economics has always had its dissidents. But the discipline's failure to predict the financial crisis has made the ground especially fertile for a rethink. Critics tend to agree on what is ...