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 ...

如果使用明确纳入预期的动态模型，就能测量货币政策的经时效果及预期管理的经时效果。"动态概率一般均衡模型（Dynamic Stochastic General Equilibrium Model）"被以央行为首的政策机构使用，就是因为具有上述效果。 迄今我们把焦点一直放在了DSGE的"D （Dynamic＝动态 ...

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 ...

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 basic inability of standard theoretical models to generate a sufficiently large and variable nominal bond risk premium has been termed the "bond premium puzzle." We show that the term premium on ...