Tesis doctoral de Arturo Ormeño Sanchez
In this thesis i evaluate the departures of three common assumptions in macroeconomic modeling and estimation, namely the rational expectations (re) hypothesis, the representative agent assumption and the use of first-order approximations in the estimation of dynamic stochastic general equilibrium (dsge) models. In the first chapter i determine how the use of survey data on inflation expectations in the estimation of a model alters the evaluation of the re assumption in comparison to an alternative assumption, namely learning. In chapter two, i use heterogeneous agent models to determine the relationship between income volatility and the demand for durable goods. In the third chapter i evaluate if the use of first-order approximations in the estimation of a model could affect the evaluation of the determinants of the great moderation.
Datos académicos de la tesis doctoral «Essays on inflation expectations, heterogeneous agents, and the use of approximated solutions in the estimation of dsge models«
- Título de la tesis: Essays on inflation expectations, heterogeneous agents, and the use of approximated solutions in the estimation of dsge models
- Autor: Arturo Ormeño Sanchez
- Universidad: Pompeu fabra
- Fecha de lectura de la tesis: 21/09/2011
Dirección y tribunal
- Director de la tesis
- Fabio Canova
- Tribunal
- Presidente del tribunal: wouter Den haan
- albert Marcet torrens (vocal)
- (vocal)
- (vocal)