Does evidence challenge the DSGE model?

Detalhes bibliográficos
Autor(a) principal: Araújo, Tanya
Data de Publicação: 2014
Outros Autores: Terlica, Sofia, Eleutério, Samuel, Francisco, Louçã
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/26945
Resumo: DSGE are for a time the favorite models in the simulation of monetary policies at the central banks. Two of its basic assumptions are discussed in this paper: (a) the absence of endogenous nonlinearities and the exogenous nature of shocks and (b) the persistence of or the return to equilibrium after a shock, or the absence of dynamics. Our analysis of complex financial markets, using historical data of S&P500, suggests otherwise that financial regimes endogenously change and that equilibrium is an artifact.
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spelling Does evidence challenge the DSGE model?Market CrisesStochastic GeometryEfficient Market HypothesisGeneral EquilibriumFinancial MarketsDSGE are for a time the favorite models in the simulation of monetary policies at the central banks. Two of its basic assumptions are discussed in this paper: (a) the absence of endogenous nonlinearities and the exogenous nature of shocks and (b) the persistence of or the return to equilibrium after a shock, or the absence of dynamics. Our analysis of complex financial markets, using historical data of S&P500, suggests otherwise that financial regimes endogenously change and that equilibrium is an artifact.Center for International Scientific Research of VŠO and VŠPRepositório da Universidade de LisboaAraújo, TanyaTerlica, SofiaEleutério, SamuelFrancisco, Louçã2023-01-19T09:55:27Z20142014-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/26945engAraújo, Tanya … [et al.]. (2014). “Does evidence challenge the DSGE model?”. International Journal of Entrepreneurial Knowledge, Volume 2, No 2: pp. 15-2410.1515/ijek-2015-0002info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:56:22Zoai:www.repository.utl.pt:10400.5/26945Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:10:29.681264Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Does evidence challenge the DSGE model?
title Does evidence challenge the DSGE model?
spellingShingle Does evidence challenge the DSGE model?
Araújo, Tanya
Market Crises
Stochastic Geometry
Efficient Market Hypothesis
General Equilibrium
Financial Markets
title_short Does evidence challenge the DSGE model?
title_full Does evidence challenge the DSGE model?
title_fullStr Does evidence challenge the DSGE model?
title_full_unstemmed Does evidence challenge the DSGE model?
title_sort Does evidence challenge the DSGE model?
author Araújo, Tanya
author_facet Araújo, Tanya
Terlica, Sofia
Eleutério, Samuel
Francisco, Louçã
author_role author
author2 Terlica, Sofia
Eleutério, Samuel
Francisco, Louçã
author2_role author
author
author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Araújo, Tanya
Terlica, Sofia
Eleutério, Samuel
Francisco, Louçã
dc.subject.por.fl_str_mv Market Crises
Stochastic Geometry
Efficient Market Hypothesis
General Equilibrium
Financial Markets
topic Market Crises
Stochastic Geometry
Efficient Market Hypothesis
General Equilibrium
Financial Markets
description DSGE are for a time the favorite models in the simulation of monetary policies at the central banks. Two of its basic assumptions are discussed in this paper: (a) the absence of endogenous nonlinearities and the exogenous nature of shocks and (b) the persistence of or the return to equilibrium after a shock, or the absence of dynamics. Our analysis of complex financial markets, using historical data of S&P500, suggests otherwise that financial regimes endogenously change and that equilibrium is an artifact.
publishDate 2014
dc.date.none.fl_str_mv 2014
2014-01-01T00:00:00Z
2023-01-19T09:55:27Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/26945
url http://hdl.handle.net/10400.5/26945
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Araújo, Tanya … [et al.]. (2014). “Does evidence challenge the DSGE model?”. International Journal of Entrepreneurial Knowledge, Volume 2, No 2: pp. 15-24
10.1515/ijek-2015-0002
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Center for International Scientific Research of VŠO and VŠP
publisher.none.fl_str_mv Center for International Scientific Research of VŠO and VŠP
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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