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 20 for “"DSGE models"”.
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DSGE Models for the South African Economy
… including South Africa. We use stochastic models to reproduce stylized facts of business cycles in South Africa. The basic neoclassical model and a model with indivisible labour are used to replicate the documented facts from the data. A model with variable capacity utilization and …
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DSGE models for the South African economy
… including South Africa. We use stochastic models to reproduce stylized facts of business cycles in South Africa. The basic neoclassical model and a model with indivisible labour are used to replicate the documented facts from the data. A model with variable capacity utilization and …
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Essays on DSGE Models and Bayesian Estimation
This thesis explores the theory and practice of sovereignty. I begin with a conceptual analysis of sovereignty, examining its theological roots in contrast with its later influence in contestations over political authority. Theological debates surrounding God’s sovereignty dealt not with 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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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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Business cycles, interest rates and market volatility : estimation and forecasting using DSGE macroeconomic models under partial information
… model calibration methods, including those with DSGE methods and models, and spelled the need for further enhancements. The issues this research started addressing even before the 2008 crisis imposed demand for improvements, was use of single, fully informed rational agents in those modes. …
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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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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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Theory and Applications in Macroeconometric Modelling
… of Global Vector Autoregressive (GVAR) models in macroeconometric analysis, particularly in the context of global economic interconnectedness and regional economic differentiation within the United Kingdom. Despite the widespread adoption of GVAR models for their robustness in capturing …
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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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A Re-Examination Of Money And Business Cycles
… years, dynamic stochastic general equilibrium (DSGE) models have become the predominant tool of modern macroeconomics and, in particular, monetary policy research. Generally speaking, the basic New Keynesian model is the standard framework for analysis. This framework uses optimizing agents and …
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Essays in macroeconomics and unemployment
Conventional DSGE models that include labor search-and-matching frictions assume that only unemployed workers are job seekers. Without taking the behavior of employed job seekers into account, these standard models overestimate the true magnitude of fluctuations in the entire population of job …
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Theoretical and Empirical Contributions to Monetary Policy Analysis
… empirical aspects. First chapter builds on the DSGE models of New Keynesian tradition, and studies monetary policy around a non efficient steady state. Using a two-stage approach developed by Levine, McAdam, and Pearlman (2007), I show that in the presence of backward looking firms, the central …
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Essays in asset prices and macroeconomics
… the business cycle in comparison with standard DSGE models, which is an important feature when trying to replicate asset pricing behavior in a general equilibrium framework. The second chapter reviews the main methodologies that have been using in recent years to extract market expectations …
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Essays in macroeconomics : information and financial markets
… that nests the neoclassical core of modem DSGE models. Earlier lessons that were based on "beauty contests" (Morris and Shin, 2002) are found to be inapplicable. Instead, the social value of information is shown to hinge on essentially the same conditions as the optimality of output …
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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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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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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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Essays on the financial sector and macroeconomic policy
… chapters. Chapters 1 and 2 examine, within a DSGE framework, the role of the financial sector in amplifying and propagating business cycles fluctuations in the macroeconomy and the role for macroeconomic policy. Chapter 3 deals with computational issues, and develops in more detail a part of …