[PDF] Top 20 advmacro Takeki Sunakawa intro

... New Keynesian DSGE models are now widely used in central banks and other institutions for forecasting and policy simulations.... What is DSGE.[r] ... 完全なドキュメントを参照

... 1 Capital inherited from the previous period is at hand, k t. Remaining capital and new investment[r] ... 完全なドキュメントを参照

... The sharp overshooting of inflation in the period immediately following a supply shock which is optimal in the purely forward looking case does not seem to correspond to the way actual c[r] ... 完全なドキュメントを参照

... Equilibrium theories of the business cycle have typically depended heavily on intertemporal substitution of leisure to account for aggregate fluctuations in hours w[r] ... 完全なドキュメントを参照

... els with complete markets and the data: In the models, cross-country correlations are much higher for consumption than for output, while in the data the opposite is true; and cross- coun[r] ... 完全なドキュメントを参照

... Price Indexes for Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers > Gross domestic product (Line 1). Hours worked: Cociuba, Prescott and Uberf[r] ... 完全なドキュメントを参照

... Data on investment and bank loans are from the capital transactions account for nonfinancial corporations in the Japanese National Accounts (Table 1-[2]-III-1). For 1984-98, the data are[r] ... 完全なドキュメントを参照

... In classical economics, money is neutral so that real variables are determined independently of monetary policy.. We will cover two classical monetary models, in which money has a very l[r] ... 完全なドキュメントを参照

... The value under auterky corresponds to the worst sustainable equilibrium value in the dynamic game (Chari and Kehoe, 1990; 1993)... The standard DP approach inapplicable.[r] ... 完全なドキュメントを参照

... In the other, each country produce different, imperfectly substitutable goods, which accounts for the relative price of two goods (Backus, Kehoe and Kydland, 1994).... Planner’s problem.[r] ... 完全なドキュメントを参照

... JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, a[r] ... 完全なドキュメントを参照

... In our experiments, we base the parame- ters measuring diffusion and correlation, as well as the variances of the shocks, on estimates of Solow (1957) residuals for the Uni[r] ... 完全なドキュメントを参照

... When the steady state distortions are large, the naive LQ approximation is no longer correct.. There are two (three?) alternative approaches to overcome the problem.[r] ... 完全なドキュメントを参照

... The Circular‐Flow Diagram Markets for Factors of Production Households Firms Income (=GDP) Rent and profit (=GDP) Capital borrowed Capital rent Expenditure (=GDP) Donuts bought Donu[r] ... 完全なドキュメントを参照

... Monopolistic competition and sticky prices are the source of inefficiency in the basic NK model.. Monetary policy can deal with the latter only.[r] ... 完全なドキュメントを参照

... Consumption function from long time series data (constant APC )Y. Consumption function from cross­sectional household data .[r] ... 完全なドキュメントを参照

... It uses the value function obtained from solving a shorter horizon problem.... Dynamic programming.[r] ... 完全なドキュメントを参照

... Capital-output ratio rises and the rate of return falls as output growth falls, which is seen in the Euler equation. The model’s prediction is sensitive to the exogenous variables in the[r] ... 完全なドキュメントを参照

... We derive a quadratic approximation for the objective function and a linear approximation of the budget constraints, and then find a linear policy function by solving a dynamic programmi[r] ... 完全なドキュメントを参照

... The classical monetary economy (with perfect competition and fully flexible prices in all markets) provides a reference benchmark.. The model to be considered has two departures from the[r] ... 完全なドキュメントを参照