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Estimation and Control of a Macroeconomic Model with Rational Expectations.
An Econometric Business Cycle Model with Rational Expectations: Some Estimation Results.
contribution to monetary DSGE literature ⇒ Epstein Zin utility with high risk aversion (improves asset pricing) can still match volatility of macro aggregates same spirit as Tallarini (2000,...
This paper studies the business cycle dynamics of income and wealth distributions in the context of the neoclassical growth model where agents are heterogeneous in initial wealth and non-acquired skil...
This essay examines the capital goods markets in the comprehensive model that Léon Walras constructed during the mature period of his theoretical work. The essay answers fundamental questions about th...
Some real-world insurance products contain a minimum-wealth or an income-stream guarantee, both of which have to he met irrespective of capital market conditions. Therefore, sellers of such products a...
Odious debts are debts incurred by a government without either popular consent or a legitimate public purpose. There is a debate within academic circles as to whether the successor government to a reg...
In the paper a small scale macroeconometric model for the Euro area is built, relying on cobreaking and fractional cointegration theory. Several linkages relating key macroeconomic variables are found...
A panel of ex-ante forecasts of a single time series is modeled as a dynamic factor model, where the conditional expectation is the single unobserved factor. When applied to out-of-sample forecasting,...

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