Essays about: "DSGE model"

Showing result 1 - 5 of 16 essays containing the words DSGE model.

  1. 1. Inflation and Quantitative Tightening - A theoretical assessment of contractionary monetary policy and real economic activity

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Carl Sandström; [2022]
    Keywords : Inflation; Unconventional Monetary Policy; Real Economic Activity; DSGE; The U.S Economy; Business and Economics;

    Abstract : Following the associated lockdown measures of the Covid-19 pandemic in 2020, the world economy started facing inflationary pressures from a surge in energy prices and supply chain disruptions at the end of 2021. Given the economic environment with low inflation and expansionary monetary policy following the Great Financial Crisis (GFC), central banks around the world have built up large balance sheets following the unconventional measure called Quantitative Easing (QE). READ MORE

  3. 2. Preparing for a pandemic - a theoretical perspective on the trade-offs of unconventional monetary policy

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Carl Sandström; [2021]
    Keywords : DSGE; financial frictions; monetary policy; pandemic; Euro Area; probability of default; Business and Economics;

    Abstract : As the COVID-19 pandemic spread across the globe, unprecedented policy measures were implemented by central banks and governments to dampen the effect on the real economy. Alongside the spread of the pandemic, research regarding how to simulate similar effects of the virus on the real economy and how to formulate optimal policy began spreading at an equal pace. READ MORE

  4. 3. Nominal GDP Targeting in Sweden - A New Keynesian DSGE Model Approach

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Henric Nicklasson; [2021]
    Keywords : NGDP; NGDP Targeting; DSGE; Monetary Policy; Sweden; Business and Economics;

    Abstract : Since the end of the Great Moderation, there has been a great surge in studies proposing alternatives to the current dominant monetary policy regime of inflation targeting. One popular such alternative has become NGDP targeting. READ MORE

  5. 4. The Use of Judgment Versus Models: Forecasting Accuracy in Sveriges Riksbank 2010-2014

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Emma Hamre; Sandra Lanros; [2020]
    Keywords : Forecasting; Central Banks; Judgment; Monetary Policy;

    Abstract : In this study, we ask, how did the use of judgments and models affect the accuracy of the Riksbank's forecasts during the years 2010-2014? We examine the two components, judgment and models, that determine the Sveriges Riksbank's published forecasts for three macro indicators: GDP growth, CPIF inflation and the repo rate. The analysis compares the relative forecasting accuracy of the central bank's primary models, DSGE and BVAR, and the final published forecasts containing the judgmental adjustments of the Riksbank's Executive Board. READ MORE

  6. 5. A Financial Market Segmented New-Keynesian Macro Model

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Erik Hjort; [2020]
    Keywords : Monetary Policy; Financial Market Segmentation; Credit Conditions; QE; IS Curve; Business and Economics;

    Abstract : This essay complements the monetary literature by estimation and simulation of a New-Keynesian macro model featuring financial market frictions and long bond portfolio policy. The model is an extended version of the canonical three-equation New-Keynesian model with segmented financial markets distinguishing the short-term money market from the long-term bond market. READ MORE