[图书][B] Dynamic general equilibrium modeling
B Heer, A Maussner - 2009 - Springer
Macroeconomics at the intermediate and graduate levels rests on three workhorses: the
Solow-Swan model, the overlapping generations (OLG) model, and the Ramsey model. The …
Solow-Swan model, the overlapping generations (OLG) model, and the Ramsey model. The …
Markups, gaps, and the welfare costs of business fluctuations
We present a simple theory-based measure of the variations in aggregate economic
efficiency: the gap between the marginal product of labor and the household's consumption …
efficiency: the gap between the marginal product of labor and the household's consumption …
Economic determinants of the nominal treasury yield curve
CL Evans, DA Marshall - Journal of Monetary Economics, 2007 - Elsevier
Macroeconomic shocks account for most of the variability of nominal Treasury yields,
inducing parallel shifts in the level of the yield curve. We develop a new approach to …
inducing parallel shifts in the level of the yield curve. We develop a new approach to …
Heterogeneity and aggregation: Implications for labor-market fluctuations
We demonstrate that aggregate employment and consumption can increase without a
corresponding movement in productivity in a model with heterogeneous agents where the …
corresponding movement in productivity in a model with heterogeneous agents where the …
Has fiscal policy helped stabilize the postwar US economy?
JB Jones - Journal of Monetary Economics, 2002 - Elsevier
In this paper, I consider whether postwar fiscal policy has helped stabilize the US economy. I
do this by adding to the stochastic growth model fiscal policy feedback rules estimated from …
do this by adding to the stochastic growth model fiscal policy feedback rules estimated from …
To change or not to change. The evolution of forecasting models at the Bank of England
Why do policymakers and economists within a policymaking institution choose to throw
away a model and to develop an alternative one? Why do they choose to stick to an existing …
away a model and to develop an alternative one? Why do they choose to stick to an existing …
Identifying sources of macroeconomic and exchange rate fluctuations in the UK
JP Cover, SK Mallick - Journal of International Money and Finance, 2012 - Elsevier
Using quarterly data for the period 1985: 1–2011: 1, this paper uses a stylised, open
economy, structural VAR model to identify the types of shocks responsible for …
economy, structural VAR model to identify the types of shocks responsible for …
Productivity and US macroeconomic performance: Interpreting the past and predicting the future with a two-sector real business cycle model
PN Ireland, S Schuh - Review of Economic Dynamics, 2008 - Elsevier
A two-sector real business cycle model, estimated with postwar US data, identifies shocks to
the levels and growth rates of total factor productivity in distinct consumption-and investment …
the levels and growth rates of total factor productivity in distinct consumption-and investment …
The relationship between financial development and economic growth: Evidence from China
X Liu, C Shu - Studies in Economics and Finance, 2002 - emerald.com
This paper investigates the causal links between financial development and economic
growth in China by employing the Granger causality test within a VARECM framework. Bi …
growth in China by employing the Granger causality test within a VARECM framework. Bi …
The labour market over the business cycle: can theory fit the facts?
We examine the ability of six labour market models to account for the business cycle
behaviour of UK labour markets when embedded in a stochastic growth model. We assess …
behaviour of UK labour markets when embedded in a stochastic growth model. We assess …