This introduces the symposium on dynamic general equilibrium. © 2009 Elsevier Inc. All rights reserved. JEL classification: E10; E20; E30

In this thesis, we study the problem of maximizing certain concave functionals on the space of optional random measures. Such functionals arise in microeconomic theory where their maximization corresponds to finding the optimal consumption plan of some economic agent. As an alternative to the well–known methods of Dynamic Programming, we develop a new approach which allows us to clarify the str...

The neoclassical growth model has emphasised the importance of technology shocks, which supposedly affect macroeconomic variables’ heterogeneously in a small open economy like Sierra Leone. Using Bayesian DSGE methodology for non-linear model, we found that investment-specific technological shock partly explains business cycle fluctuations Moreover, analysis indicates on output, capital, and co...

using the quarterly data of 1990:1 to 2008:1 and in a general equilibrium approach, we investigate the long run equilibrium path of the equilibrium interest rate as well as the potential output. we implement a structural reduced form of a general equilibrium model consistent with iran’s economy and estimate the unobservable variables by employing the kalman filtering technique. a exponential ut...

Estimation of dynamic stochastic general equilibrium (DSGE) models using state space methods implies vector autoregressive moving average (VARMA) representations of the observables. Following Lippi and Reichlin’s (1994) analysis of nonfundamentalness, this note highlights the potential dangers of non-uniqueness, both of estimates of deep parameters and of structural innovations. ∗Department of ...