Live Breaking News & Updates on Dynamic Stochastic General Equilibrium

Stay updated with breaking news from Dynamic stochastic general equilibrium. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

"The Block-Correlated Pseudo Marginal Sampler for State Space Models" by David Gunawan, Pratiti Chatterjee et al.

Pseudo Marginal Metropolis-Hastings (PMMH) is a general approach to Bayesian inference when the likelihood is intractable, but can be estimated unbiasedly. Our article develops an efficient PMMH method that scales up better to higher dimensional state vectors than previous approaches. The improvement is achieved by the following innovations. First, a novel block version of PMMH that works with multiple particle filters is proposed. Second, the trimmed mean of the unbiased likelihood estimates of the multiple particle filters is used. Third, the article develops an efficient auxiliary disturbance particle filter, which is necessary when the bootstrap disturbance filter is inefficient, but the state transition density cannot be expressed in closed form. Fourth, a novel sorting algorithm, which is as effective as previous approaches but significantly faster than them, is developed to preserve the correlation between the logs of the likelihood estimates at the current and proposed paramete ....

Marginal Metropolis Hastings , Dynamic Stochastic General Equilibrium , Block Pmmh , Orrelated Pmmh , Ynamic Stochastic General Equilibrium Dsge Model , Rimmed Mean Likelihood Estimate ,

The Bank of Canada prepares for a future that does not look like the past

In what will be the largest revamp in nearly two decades, the central bank intends to replace its two main macroeconomic models with a new core model for forecasting and analysis ....

New Zealand , United States , United Kingdom , Stephen Poloz , John Maynard Keynes , Jan Tinbergen , Luba Petersen , Stephen Williamson , David Andolfatto , Sharon Kozicki , Bill Phillips , Simon Fraser University , University Of Western Ontario , European Central Bank , Federal Reserve , University Of Miami , Log Increate Free , Governor Tiff Macklem , Terms Of Trade Economic Model , Large Empirical , Semi Structural Model , Lucas Critique , Dynamic Stochastic General Equilibrium , Monetary Policy Report , Nova Scotia , Simon Fraser ,

Disinflation may pave way for interest rate reduction: RBI officials

Disinflation may pave way for interest rate reduction: RBI officials
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

Michaeld Patra , Reserve Bank , Deputy Governor Michaeld Patra , Dynamic Stochastic General Equilibrium ,

RBI's model projects FY25 retail inflation at 4.8% - The Hindu BusinessLine

RBI's model projects FY25 retail inflation at 4.8% - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Stochastic General Equilibrium , Dynamic Stochastic General Equilibrium ,

Basic income grant: Peering beyond the endless impossibilities

Basic income grant: Peering beyond the endless impossibilities
mg.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mg.co.za Daily Mail and Mail on Sunday newspapers.

South Africa , Asghar Adelzadeh , Gilad Isaacs , Development Research Solutions , Institute For Economic Justice , Applied Development Research Solutions , Economic Justice , Computable General Equilibrium , Dynamic Stochastic General Equilibrium , Servaas Storm ,