Dynare and Dynamic Stochastic General Equilibrium Models: Application to New Keynesian Models(in Japanese)

Koiti Yano

ESRI Discussion paper series from Economic and Social Research Institute (ESRI)

Abstract: This paper is an introduction to Dynare and New Keynesian, dynamic stochastic general equilibrium models. In recent years, micro-founded macroeconomic models is a hot topic in monetary policy analysis, for example, Yun (1996), Gali (2002). A simple new Keynesian model is often called new IS-LM. Christiano et al. (2005) propose a medium-scale DSGE model (hybrid new IS-LM), and the extensions of it is often used in governments and central banks. This paper shows simulating new IS-LM and hybrid new IS-LM using Dynare. Moreover, we show simulating hybrid new IS-LM with liquidity-constraint household to analyze fiscal policy.

Pages: 44 pages
Date: 2008-12
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.esri.go.jp/jp/archive/e_dis/e_dis203/e_dis203a.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to www.esri.go.jp:80 (No such host is known. )

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:esj:esridp:203

Access Statistics for this paper

More papers in ESRI Discussion paper series from Economic and Social Research Institute (ESRI) Contact information at EDIRC.
Bibliographic data for series maintained by HORI nobuko ( this e-mail address is bad, please contact ).