Macroeconomic Volatility and Government Consumption Expenditure: Implication for Public Welfare: A Dynamic Macroeconometric Stochastic Model

Designing a Model for Public Welfare Governance in Iran

Background: One important goal of policymakers regarding economy in developed countries is to improve quality, standard and level of well-being in society. The purpose of this study was to provide a model that leads to improving the quality of public welfare in the country's governance system. Methods: This was a combined (qualitative-quantitative) research conducted in 2020. To collect data i...

Dynamic equicorrelation stochastic volatility

A multivariate stochastic volatility model with dynamic equicorrelation and cross leverage effect is proposed and estimated. Using a Bayesian approach, an efficient Markov chain Monte Carlo algorithm is described where we use the multi-move sampler, which generates multiple latent variables simultaneously. Numerical examples are provided to show its sampling efficiency in comparison with the si...

The Effect of Change in Electricity Tariffs on Electricity Consumption and Macroeconomic Variables With Dynamic Stochastic General Equilibrium (DSGE) Approach

The purpose of this article is to investigate the impact of electricity tariffs in the domestic and industrial sectors on electricity consumption and macroeconomic variables. In this regard, statistical data for the period 1991-2020 based on seasonal frequency and dynamic stochastic general equilibrium approach (DSGE) have been used. In this study, it is assumed that there is a section in the h...

A Dynamic Macroeconometric Model for Short-run Stabilisation in India

This paper presents a small macroeconometric model examining the determinants of Indian trade and inflation to address the effects of a reform policy package similar to those implemented in 1991. This is different from previous studies along one important dimension that we explicitly incorporate the non-stationarity of the data into our model and estimation procedures, which suggest that the st...

The Impact Of Government Expenditure On GDP, Employment And Private Investment A CGE Model Approach