This paper begins by identifying the distinguishing characteristic of the "real business cycle" (RBC) class of macroeconomic models. It then scruitinizes existing evidence, presented in support of the
Eviews file containing the VIX, global financial cycle, and world industrial production series used in our baseline analysis. It also contains the monetary policy shocks estimates by Miranda-Agrippino
Las previsiones de la inflación se calculan a partir del índice de precios al consumidor (IPC) o del índice armonizado de precios al consumidor (IAPC) para los países de la zona del euro, el conjunto
Organisation for Economic Co-operation and Development60
This paper presents results of an artificial stock market and tries to make it more consistent with the statistical features of real stock data. Based on the SFI-ASM, a novel model is proposed to make
