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 develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of ...

This post presents an update of the economic forecasts generated by the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (DSGE) model. We describe very briefly our forecast ...

The term premium on nominal long-term bonds in the standard dynamic stochastic general equilibrium (DSGE) model used in macroeconomics is far too small and stable relative to empirical measures ...

Sir, In criticising US policymaking, Giles Conway-Gordon (Letters, December 29) claims that the root of the problem lies in an unquestioning belief in the validity of the equilibrium-tending property ...

In “When economists’ forecasts are no better than a coin toss” (Letters, October 4), Tahir Farooq castigates economists for being obsessed with the mathematical formulations of dynamic stochastic ...

This is a preview. Log in through your library . Abstract This paper develops theoretical foundations for an error analysis of approximate equilibria in dynamic ...

We study how real exchange rate dynamics are affected by monetary policy in dynamic, stochastic, general equilibrium, sticky-price models. Our analytical and quantitative results show that the source ...