Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 40 for “"DSGE model"”.
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Real investment and dividend policy in a dynamic stochastic general equilibrium (DSGE) model. Corporate finance at an aggregate level through DSGE models.
… dynamic stochastic general equilibrium (DSGE) approach to investigate optimal aggregate dividend policy. I make the following contribution: 1. I extend the standard DSGE model to incorporate a residual dividend policy, external financing and default and find that simulated optimal …
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Confronting Theory with Data: the Case of DSGE Modeling
The primary objective of this is to confront the DSGE model (Ireland, 2011) with data in an attempt to evaluate its empirical adequacy. The perspective used for this evaluation is based on unveiling the statistical model (structural VAR) behind the DSGE model, with a view to test its probabilistic …
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A small open economy modelling: A Bayesian DSGE approach
… a small open economy based on the macroeconomic models is vital for successfully implementing forward-looking and counter-cyclical macroeconomic policies. In the context, this thesis focuses on the importance of various modelling implications (i.e., frictions and shocks) in developing empirically …
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A small open economy modelling: A Bayesian DSGE approach
… a small open economy based on the macroeconomic models is vital for successfully implementing forward-looking and counter-cyclical macroeconomic policies. In the context, this thesis focuses on the importance of various modelling implications (i.e., frictions and shocks) in developing empirically …
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Theoretical and empirical analysis of a macroeconomic model with financial and housing sectors in emerging market economies
The Dynamic Stochastic General Equilibrium (DSGE) model, which is based on the New Consensus Macroeconomics (NCM) theoretical framework, has become the workhorse of macroeconomic analysis in academia, research institutes and monetary authorities since the 1980s. The dominating popularity of the …
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Empirical Evaluation of DSGE Models for Emerging Countries
… of dynamic stochastic general equilibrium (DSGE) models in explaining the behavior of macroeconomic dynamics in emerging countries. </p><p>Chapter 1, which is joint work with M. Uribe and R. Pancrazzi, investigates the hypothesis that a real business cycles model driven by permanent and …
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Essays on Macroeconomic Implications of International Capital Flow and Fiscal Uncertainty
… of a dynamic stochastic general equilibrium(DSGE) model with imperfect asset substitution between short and long-term government bonds, I find that shocks to long-term U.S debt held by foreign official institutions have expansionary effects on the economy--they lower the long-term interest …
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Essays on monetary policy
… using a Dynamic Stochastic General Equilibrium (DSGE) model with financial frictions.
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Can Animal Spirits Solve The Forward Premium Puzzle?
… 2, a dynamic stochastic general equilibrium (DSGE) two-country two-money model is fitted with Robust Control, inducing fear of model misspecification, or pessimism, in international households. The forward premium bias, produced from a collapse in uncovered interest parity (UIP), is a direct …
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Monetary Policy in a Low Exchange Rate Pass-Through Environment: The case of Botswana
… Dynamic Stochastic General Equilibrium (DSGE) model, to examine monetary policy conduct and the extent of exchange rate pass-through in Botswana. Thus, I apply a three-step procedure. In the first step, I estimate the degree of exchange rate pass-through to Consumer Price Index (CPI) and …
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Essays on Housing Markets and Monetary Policy
… studies the optimal interest rate rule in a DSGE model with housing market spillovers and finds that the optimal interest rate rule responds to house price inflation even when the stabilization of house price is not among the objectives of the policymaker. The third essay is the core of this …
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Private and government banks : a DSGE approach
… in a Dynamic Stochastic General Equilibrium (DSGE) model with heterogeneous financial intermediaries. In accordance with the empirical literature on the subject, this study shows that the presence of public banks alter the reaction of the aggregate variables to negative shocks relative to …
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Fiscal theory of price level and coordination of monetary and fiscal policies: Understanding the current public debt and inflation dynamics
… Dynamic Stochastic General Equilibrium (NK-DSGE) model featuring a fiscal block and a coexistence regime with partially unbacked public debt, serving as a benchmark model. The model is calibrated to evaluate the role played by backed and unbacked public debt in the propagation of a …
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Three Essays in Macroeconomics
… of a dynamic-stochastic general equilibrium (DSGE) model. Chapter 3 examines the degree to which international borders segment product markets above and beyond the market segmentation that occurs within countries. Central banks and other public actors often perceive a tradeoff between …
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Essays on monetary policy, institutions and terms of trade shocks in emerging market economies
… dynamic stochastic general equilibrium (DSGE) model. Finally, the third essay empirically analyses the responses of different monetary policy regimes to commodity terms of trade shocks in emerging market economies.
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Essays on debt markets
… between domestic banking and growth in a DSGE model of sovereign default in order to address (i) the joint existence of sovereign debt and international reserves, and (ii) the occurrence of twin (domestic banking and sovereign default) crises. In chapter 2, joint with Hui Chen and Jun …
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Monetary policy in low income countries: the case of Uganda
… use of a dynamic stochastic general equilibrium (DSGE) model that incorporates several small open-economy features. The model parameters are estimated with the aid of Bayesian techniques using quarterly macroeconomic data. The results suggest that the central bank currently responds to changes in …
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Essays on financial frictions with an application to the Chinese economy
… along with an application of macro-finance models to the Chinese economy. The first two chapters focus on government guarantees on business loans to state-owned enterprises (SOEs), a typical practice of the Chinese government. Chapter 1 embeds partial loan guarantees into the loan …
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FORECASTING IN EASTERN EUROPEAN COUNTRIES
… of a dynamic stochastic general equilibrium (DSGE) model for a small open economy. After discussing a survey of the literature on macroeconomics forecasting, which includes a discussion on the developments of methodology and accuracy measures, I first analyze the forecasts resulting from a …
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Structural changes and financial frictions in the monetary transmission mechanism : GMM, VAR and Bayesian DSGE approaches
… employs a GMM, VAR and estimates Bayesian DSGE models for the UK data from 1955 to 2014. The GMM simulation analysis confirmed that the UK monetary policy is more of a forward-looking Taylor type and a hybrid Taylor-McCallum MP rules RFs with a mixture of conventional and unconventional …
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