the purpose of this paper is to examine the effects of monetary, fiscal and oil revenue shocks on macroeconomic variables in the framework of rule and discretionary monetary policy. to end this, we use a new keynesian dynamic stochastic general equilibrium (dsge) model. given the dominant role of oil in the country, we consider the role of oil shock in the model through different channels. the ...

Empirical evidence indicates that environmental fluctuations have important effects on fisheries production. However, existing analytical solutions of stochastic fisheries models have been produced only under highly simplified economic and biological conditions. The main contribution of this paper is to derive under general conditions a policy function for the management of a stochastic fishery...

We conducted a study analyzing the impact of productivity shocks on equity returns in U.S. economy from Q1 1960 to 2022 using an RBC DSGE model. Our results suggest that while initial lead higher returns, this effect fades within eight quarters. Nonetheless, such can still provide valuable signals for investors strategically allocate their investments sectors may benefit most. also found respon...