Zobrazeno 1 - 10
of 68
pro vyhledávání: '"S. Boragan Aruoba"'
Publikováno v:
Review of Economic Dynamics. 41:96-120
We develop an algorithm to construct approximate decision rules that are piecewise-linear and continuous for DSGE models with an occasionally-binding constraint. The functional form of the decision rules allows us to derive a conditionally optimal pa
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2cab55efe43edf513b5cdbc9c1074590
https://doi.org/10.1016/j.red.2020.12.003
https://doi.org/10.1016/j.red.2020.12.003
Autor:
S. Boragan Aruoba
Publikováno v:
Journal of Business & Economic Statistics. 38:542-553
I use a statistical model to combine various surveys to produce a term structure of inflation expectations—inflation expectations at any horizon—and an associated term structure of real interest ra...
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::70057dbf37b31c32e441ba8dd84ca496
https://doi.org/10.1080/07350015.2018.1529599
https://doi.org/10.1080/07350015.2018.1529599
Publikováno v:
SSRN Electronic Journal.
We develop a structural VAR in which an occasionally-binding constraint generates censoring of one of the dependent variables. Once the censoring mechanism is triggered, we allow some of the coefficients for the remaining variables to change. We show
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7299356ef7b6f891c2cd9cf155bf2b79
https://doi.org/10.2139/ssrn.3809534
https://doi.org/10.2139/ssrn.3809534
Publikováno v:
International Finance Discussion Paper. 2020
We develop an algorithm to construct approximate decision rules that are piecewise-linear and continuous for DSGE models with an occasionally binding constraint. The functional form of the decision rules allows us to derive a conditionally optimal pa
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f077a51eb9629f648eaf2e756aa96e76
https://doi.org/10.17016/ifdp.2020.1272
https://doi.org/10.17016/ifdp.2020.1272
Publikováno v:
International Economic Review. 60:517-545
This paper proposes a structural approach to measuring the eects of electoral ac- countability. We estimate a political agency model with imperfect information in order to identify and quantify discipline and selection eects, using data on U.S. gover
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::15654c7765ad6ce463a97c652bc51b06
https://doi.org/10.1111/iere.12361
https://doi.org/10.1111/iere.12361
Publikováno v:
Journal of Economic Dynamics and Control. 83:34-54
We develop a new class of time series models to identify nonlinearities in the data and to evaluate DSGE models. U.S. output growth and the federal funds rate display nonlinear conditional mean dynamics, while inflation and nominal wage growth featur
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::56a831ecb2c12e2c95c7cdba4d6c7c29
https://doi.org/10.1016/j.jedc.2017.07.006
https://doi.org/10.1016/j.jedc.2017.07.006
Publikováno v:
The Review of Economic Studies. 85:87-118
We propose and solve a small-scale New-Keynesian model with Markov sunspot shocks that move the economy between a targeted-inflation regime and a deflation regime and fit it to data from the U.S. and Japan. For the U.S. we find that adverse demand sh
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::75c16101bb0e8cd6ccf8c7995b01fe80
https://doi.org/10.1093/restud/rdx027
https://doi.org/10.1093/restud/rdx027
Publikováno v:
Working paper (Federal Reserve Bank of Philadelphia).
We investigate the effect of declining house prices on household consumption behavior during 2006-2009. We use an individual-level dataset that has detailed information on borrower characteristics, mortgages and credit risk. Proxying consumption by i
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::837d6da83cfe018c96e35355df3f2ec7
https://doi.org/10.21799/frbp.wp.2019.06
https://doi.org/10.21799/frbp.wp.2019.06