scholarly journals An Estimated Stochastic Dynamic General Equilibrium Model of the Euro Area

2002 ◽  
Author(s):  
Frank Smets ◽  
Rafael Wouters
Keyword(s):  
General Equilibrium ◽  
Euro Area ◽  
Equilibrium Model ◽  
Dynamic General Equilibrium ◽  
General Equilibrium Model ◽  
Stochastic Dynamic ◽  
Dynamic General Equilibrium Model

Risk Shocks

2014 ◽  
Vol 104 (1) ◽  
pp. 27-65 ◽  
Author(s):  
Lawrence J. Christiano ◽  
Roberto Motto ◽  
Massimo Rostagno
Keyword(s):  
Business Cycle ◽  
General Equilibrium ◽  
Equilibrium Model ◽  
Dynamic General Equilibrium ◽  
General Equilibrium Model ◽  
Cross Sectional ◽  
Dynamic General Equilibrium Model ◽  
The Business Cycle ◽  
Idiosyncratic Uncertainty ◽  
Over Time

We augment a standard monetary dynamic general equilibrium model to include a Bernanke-Gertler-Gilchrist financial accelerator mechanism. We fit the model to US data, allowing the volatility of cross-sectional idiosyncratic uncertainty to fluctuate over time. We refer to this measure of volatility as risk. We find that fluctuations in risk are the most important shock driving the business cycle. (JEL D81, D82, E32, E44, L26)

A stochastic estimated version of the Italian dynamic General Equilibrium Model

2020 ◽  
Vol 92 ◽  
pp. 339-357
Author(s):  
Nicola Acocella ◽  
Elton Beqiraj ◽  
Giovanni Di Bartolomeo ◽  
Marco Di Pietro ◽  
Francesco Felici ◽  
...  
Keyword(s):  
General Equilibrium ◽  
Equilibrium Model ◽  
Dynamic General Equilibrium ◽  
General Equilibrium Model ◽  
Dynamic General Equilibrium Model
Sign in / Sign up

Export Citation Format

Share Document