Search Results 1-10 of 10

  • Macroeconomic implications of disruptive vs. sustaining innovation

    HARADA Tsutomu

    … <p>This study constructs an endogenous growth model using the framework of New Keynesian dynamic stochastic general equilibrium models and evaluate how disruptive and sustaining innovation interact with macroeconomic variables. … We incorporate a Schumpeterian approach that generates seemingly sticky prices and wages and estimate the model parameters using Japanese economic data. …

    Transactions of the Academic Association for Organizational Science 7(2), 380-385, 2018


  • Modeling the Effect of Exchange Rate Liberalization on China's Macro Economy

    Hu Xiaowen , Zhou Duanming , Hu Chengchen , Ai Fei

    … On this basis, we construct a small open dynamic stochastic general equilibrium theory framework which reflects the empirical characteristics, including exchange rate control, to analyze the macroeconomic effects of exchange rate liberalization reform. …

    Journal of Advanced Computational Intelligence and Intelligent Informatics 21(5), 769-777, 2017


  • Noise-Induced Phenomena in the Kaldor Business Cycle Model

    Nobukawa Sou , Hashimoto Ryohei , Nishimura Haruhiko , Yamanishi Teruya , Chiba Masaru

    … <p>The periodic behavior of macroeconomic indicators or business cycles is a common observation in the economic system. … In the past, business cycle modeling often involved the use of non-linear economic dynamic theory, general equilibrium theory, and methods to analyze complex systems, such as agent-based modeling and complex network theory. …

    Transactions of the Institute of Systems, Control and Information Engineers 30(12), 459-466, 2017


  • Macroeconomic Implications of the Ramsey Consumer Optimisation and Endogenous Growth

    西井 賢太郎

    … Since the criticisms Lucas made in 'Economic Policy Evaluation: A Critique (1976)' became widely accepted in the 1970s and 1980s, 'micro foundations' have been recognised as essential for macroeconomic models, and consequently, the dynamic stochastic general equilibrium (DSGE) model developed remarkably in the 1990s. …

    紀要 = Bulletin (8), 97-107, 2016-03-31



    SEGI Shunsuke , ISHIKURA Tomoki , YOKOMATSU Muneta

    …  This paper builds a dynamic stochastic macroeconomic model which deals with investment to disaster prevention infrastructure stock. … The model can derive optimal policy with regard to investment to productive capital stock and disaster prevention infrastructure stock. …

    Journal of Japan Society of Civil Engineers, Ser. D3 (Infrastructure Planning and Management) 68(3), 129-143, 2012


  • Currency Mismatch, Balance-sheet effect and Monetary Policy

    Nakamura Chikafumi

    … The currency mismatch causes macroeconomic instability through balance-sheet effects. … To analyze the problem, we apply a small open economy dynamic stochastic general equilibrium model with international credit-market imperfections. …

    Journal of International Economic Studies = Journal of International Economic Studies (25), 103-128, 2011-03


  • Dynamic general equilibrium model: a survey with the application to the Japanese macroeconomic data  [in Japanese]

    藤原 一平 , 渡部 敏明

    … One of the most widely used models for macroeconomic analysis is the dynamic stochastic general equilibrium (DSGE) model. … This article provides a comprehensive survey for this model. … In the first half, we explain the development of this model and some methods for solving this model under rational expectations. …

    The Economic review 62(1), 66-93, 2011-01

    IR  DOI  Cited by (4)

  • Working Effort and the Japanese Business Cycle

    Otsu Keisuke

    … In this paper, I show that a dynamic stochastic general equilibrium model with effort, productivity, and investment specific technology shocks can account for these facts. …

    The Economic review 62(1), 20-29, 2011-01

    IR  DOI 

  • Dynamic Patterns of Accumulation and Income Distribution(<SPECIAL ISSUE>New Directions and Contemporary Issues in Post Keynesian Economics)  [in Japanese]

    SKOTT Peter , ZIPPERER Ben , 石倉 雅男 [訳]

    Macroeconomic variables exhibit fluctuations around their long-term trends. … Real business cycle, new Keynesian, and even Kaleckian theories which assume stable steady growth paths explain cycles through stochastic shocks whose effects on output and employment are then mediated by some propagation mechanism. …

    Political Economy Quarterly 46(4), 34-53, 2010


  • Investment Behavior of a Monopolistic Firm under Uncertainty:—— Macroeconomic Effect of Demand Uncertainty ——

    OUCHI Masahiro

    … In this paper, we consider the dynamic investment behavior of an imperfect competitive firm under uncertainty and discuss the influence of this uncertainty on the macroeconomy. … We assume a monopolistic firm that faces convex costs of adjustment, and an inverse demand function with a scale of economy subject to a stochastic fluctuation. … The imperfect competitive model can decide Tobin's <i>q</i>, similar to the competitive firm of Abel (1983). …

    Studies in Regional Science 38(1), 95-107, 2008


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