scholarly journals The Transmission of Monetary Shocks in a Multi-Region Economy: The Case of China

2019 ◽  
Vol 15 (4) ◽  
pp. 1
Author(s):  
Yingyi Zhao
Keyword(s):  
General Equilibrium ◽  
Empirical Data ◽  
Equilibrium Model ◽  
Estimation Method ◽  
Dynamic Stochastic General Equilibrium ◽  
Monetary Shocks ◽  
Input Output ◽  
Intermediate Inputs ◽  
Regional Dynamics ◽  
Dynamic Stochastic

This paper constructs a sticky price Dynamic Stochastic General Equilibrium model with multi-regions. Producers from different regions would range in price rigidity, production function, the regional structures of intermediate inputs. That is, firms from each area, can get intermediates and investments from all the regions in the country following the empirical Multi-region Input-Output table in China. Different from the previous symmetry model, the model in this paper allows idiosyncratic regional dynamics to the national monetary shocks. This model is calculated by the Bayesian estimation method using the regional and aggregate China empirical data.

Interactive effects between monetary policy and fiscal policy based on dynamic stochastic general equilibrium model

2020 ◽  
pp. 1-12
Author(s):  
Ying Xie
Keyword(s):  
Monetary Policy ◽  
Fiscal Policy ◽  
General Equilibrium ◽  
Equilibrium Model ◽  
Control Policy ◽  
Dynamic Stochastic General Equilibrium ◽  
Economic Effects ◽  
Interactive Effects ◽  
Supply Side ◽  
Dynamic Stochastic

From the beginning to the end, monetary policy has focused too much on the control of the supply side. At present, the single supply-based monetary policy is ineffective. Therefore, it is urgent to change the current single direct supply-side regulation and control policy and replace it with a non-single and indirect control policy that combines supply and demand. Based on machine learning algorithms, this paper constructs a monetary policy analysis model based on dynamic stochastic general equilibrium methods to analyze the interactive effects of monetary policy and other policies. Moreover, this paper uses the dynamic stochastic general equilibrium model to simulate and analyze the economic effects of fiscal policy. In addition, this paper compares the economic effects of monetary policy and other policies and conducts verification and analysis through actual data. The obtained results show that the model constructed in this paper achieves the expected effect.

scholarly journals K-DSGE: A Dynamic Stochastic General Equilibrium Model for Saudi Arabia

2020 ◽  
Author(s):  
Jorge Blazquez ◽  
Marzio Galeotti ◽  
Baltasar Manzano ◽  
Axel Pierru ◽  
Shreekar Pradhan
Keyword(s):  
Saudi Arabia ◽  
General Equilibrium ◽  
Equilibrium Model ◽  
Dynamic Stochastic General Equilibrium ◽  
General Equilibrium Model ◽  
Dynamic Stochastic
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