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Solving DSGE Modelse package supports third-order Taylor expansion, but the mainstream analysis focuses on the second-order Taylor expansion). In this chapter, we discuss the mathematical methods to solve a dynamic economic system. Several major components of mainstream tool such as linearization, state-space represenIndigence 发表于 2025-3-29 03:15:08
Book 2020cing the comprehensiveness of the model economy, and allowing it to better account for underlying social structure in emerging economies. Furthermore, financial and housing markets have not been considered sufficiently in either the advanced or emerging economy literature, an oversight this book remexercise 发表于 2025-3-29 10:58:54
Wege aus der Working Capital-FalleTo improve, economists introduce price rigidities into the original RBC/DSGE models. As a result, the NCM/DSGE models emerged. The mechanism that is often referred to as the staggered pricing has become one of the standard mechanisms in the NCM/DSGE models. This chapter consists of three sections. I感染 发表于 2025-3-29 12:41:41
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Modern Mainstream Macroeconomic Models widely cited as the NCM/DSGE model. In this chapter, we derive the fundamentals of the NCM/DSGE model with greater details. The major features of these models, such as intertemporal utility maximization, short-term nominal rigidities and heterogeneities in the production sector, are maintained in t哺乳动物 发表于 2025-3-30 05:21:45
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