We develop and estimate a parsimonious New-Keynesian small open-economy model that incorporates Diagnostic Expectations (DE)—a behavioral alternative to Rational Expectations (RE). Under DE, agents ...
This paper presents a calibrated DSGE model of the economy of North Macedonia that was developed at the National Bank of the Republic of North Macedonia (NBRNM) within a technical assistance project ...
Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Digitalization is transforming everything, and as a part of this, the technology-driven ...
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