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Macroeconomic Dynamics Near the ZLB:A Tale of Two Countries
DSGE Models Government Spending Multiplier Japan Multiple Equilibria Nonlinear Filtering Nonlinear Solution Methods Sunspots
2015/9/18
We propose and solve a small-scale New-Keynesian model with Markov sunspotshocks that move the economy between a targeted-inflation regime and a deflationregime and fit it to data from the U.S. and Ja...
A no-arbitrage vector autoregression of term structure dynamics with macroeconomic and latent variables
erm structure dynamics macroeconomic
2015/7/23
We describe the joint dynamics of bond yields and macroeconomic variables in a Vector
Autoregression, where identifying restrictions are based on the absence of arbitrage. Using a
term structure mod...
山东大学经济研究院2007级博士陈言在国际一流宏观经济学杂志Macroeconomic Dynamics上发表论文
山东大学经济研究院 陈言 Macroeconomic Dynamics 论文
2009/12/17
经济研究院2007级博士陈言与上海交大张严博士合作的论文“a Note on Tariff Policy, Increasing Returns and Endogenous Fluctuations”于近期被国际一流宏观经济学杂志“Macroeconomic Dynamics”（SSCI）接受。在文章中，他们在一个含有进口能源的开放经济模型中，分析了关税政策与宏观经济波动的关系，首创性地发现...