نتایج جستجو برای: keywords dynamic stochastic general equilibrium

تعداد نتایج: 3098326  

 Despite the consensus on the importance of nominal rigidities, there is no general agreement among monetary economists regarding the most appropriate and consistent pricing model that must be used to assess the effects of monetary policies in the economy. Due to the lack of empirical evidence with relation to the pricing behavior of Iranian firms, there is no general agreement on how to introd...

2009
Sergiu Hart

The Nash equilibrium is a key concept in game theory and in economic theory. However, as a static notion it does not help us to understand how the equilibrium is reached or how an equilibrium is selected when a game has multiple equilibria. Thus, dynamical models that are based on best responding, i.e., models where the players are trying to maximize their payoffs in order the reach an equilibr...

This study examines the effects of demographic changes including decreasing fertility and increasing life expectancy and retirement age on the financial sustainability of the pension fund in Iran using the overlapping generation model and the Stochastic Dynamic General Equilibrium (DSGE) approach. The results of simulation and evaluation of impulse response functions and evaluation of correlati...

2005
Amit Gandhi

This paper describes a novel approach to both learning and computing Nash equilibrium in continuous games that is especially useful for analyzing structural game theoretic models of imperfect competition and oligopoly. We depart from the methods and assumptions of the traditional “Calculus” approach to computing equilibrium. Instead, we use a new and natural interpretation of games as condition...

The countercyclical monetary policy is a policy that economists recommend to adopt in order to slow down the economic fluctuations. The aim of this study is to address the question that, in the presence of fiscal dominance and considering institutional quality (IQL), what the optimal monetary policy should be during the business cycles? To find the appropriate answer, first, in the framework of...

One of the important issues that have been the focus of economists in developed and developing countries for the last several decades is the study of the effect of External Shocks on  macroeconomic variables of those countries.In this paper In order to investigate the effect of external shocks including world oil price, exchange rate and global inflation shocks on macroeconomic variables of Ira...

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