We investigate identifiability issues in DSGE models and their consequences for parameter estimation and model evaluation when the objective function measures the distance between estimated and model impulse responses. We ...

A method to estimate DSGE models using the raw data is proposed. The approach links the observables to the model counterparts via a flexible specification which does not require the model-based component to be solely located ...

We investigate macroeconomic fluctuations in the Mediterranean basin, their similarities and convergence. A model with four indicators, roughly covering the West, the East and the Middle East and the North Africa portions ...

We study whether and how fiscal restrictions alter the business cycle features of macrovariables for a sample of 48 US states. We also examine the typical transmission properties of fiscal disturbances and the implied ...

This thesis adopts DSGE and PVAR models to examine three questions in macroeconomics. The first chapter singles out some pitfalls that DSGE models face when a fraction of rule-of-thumb consumers is assumed in order to ...

This thesis consists of three chapters. The first chapter examines empirically the relationship<br/>between foreign aid and economic growth in the Least Developed Countries. Instrumental<br/>variables techniques are used ...

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 ...