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DSGE - Dynamic Stochastic General Equilibrium models.

3 votes
0 answers
46 views

Get empirical steady state moments for calibrating a DSGE model

I want to calibrate some parameters of my DSGE model so that in the steady state some variable ratios, that are present in data, are met. …
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3 votes
0 answers
37 views

Derive optimal wage in New Keynesian-Calvo wage stickiness

Following Costa, 2016 in page 96, developing the labor variety optimal wage decided by the household, the FOC is: $$0=E_t\sum_{i=0}^\infty(\beta\theta_w)^{t+i}\left\{\psi_W\left[L_{t+i}\left(\frac{W_{ …
manifold's user avatar
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