P Rabanal… - Journal of Monetary Economics, 2005 - Elsevier
J Fernandez-Villaverde, J Rubio-Ramirez… - 2005 - nber.org
The dynamics of a linear (or linearized) dynamic stochastic economic model can be
expressed in terms of matrices (A, B, C, D) that define a state space system. An associated
state space system (A, K, C, Sigma) determines a vector autoregression for observables ...
J Fernández-Villaverde… - 2006 - nber.org
Page 1. TECHNICAL WORKING PAPER SERIES ESTIMATING MACROECONOMIC
MODELS: A LIKELIHOOD APPROACH Jesus Fernandez-Villaverde Juan F. Rubio-Ramirez
Technical Working Paper 321 http://www.nber.org/papers/T0321 ...
SB Aruoba, J Fernandez-Villaverde… - Journal of Economic …, 2006 - Elsevier
J Fernández‐Villaverde… - Journal of Applied …, 2005 - Wiley Online Library
Skip to Main Content. ...
J Fernández-Villaverde, PA Guerrón-Quintana… - 2009 - nber.org
This paper shows how changes in the volatility of the real interest rate at which small open
emerging economies borrow have a quantitatively important effect on real variables like
output, consumption, investment, and hours worked. To motivate our investigation, we ...
J Fernández-Villaverde, P Guerrón-Quintana… - 2010 - nber.org
... edu Pablo Guerrón-Quintana Federal Reserve Bank of Philadelphia pablo.guerron@
phil.frb.org Juan F. Rubio-Ramírez Duke University PO Box 90097 Durham, NC 27708
juan.rubio-ramirez@duke.edu Page 3. 1. Introduction ...
P Rabanal… - Spanish Economic Review, 2008 - Springer
... P. Rabanal Caixa d'Estalvis i Pensions de Barcelona, Barcelona, Spain JF Rubio-Ramírez (B)
Duke University, PO Box 90097, Durham, NC 27008, USA e-mail: juan.rubio-ramirez@duke.edu
JF Rubio-Ramírez Federal Reserve Bank of Atlanta, Atlanta, GA 30309, USA 123 ...
J Rubio-Ramirez, D Waggoner… - FRB of Atlanta Working …, 2005 - papers.ssrn.com
Abstract: This paper develops a new and easily implementable necessary and sufficient
condition for the exact identification of a Markov-switching structural vector autoregression
(SVAR) model. The theorem applies to models with both linear and some nonlinear ...
J Fernández-Villaverde… - 2004 - papers.ssrn.com
Abstract: This paper presents a framework to undertake likelihood-based inference in
nonlinear dynamic equilibrium economies. We develop a Sequential Monte Carlo algorithm
that delivers an estimate of the likelihood function of the model using simulation methods. ...
J Fernandez-Villaverde… - 2001 - papers.ssrn.com
Abstract: This paper studies the properties of the Bayesian approach to estimation and
comparison of dynamic equilibrium economies. Both tasks can be performed even if the
models are nonnested, misspecified, and nonlinear. First, the authors show that Bayesian ...
J Fernández-Villaverde… - The American …, 2011 - ingentaconnect.com
... Durham, NC 27708, and Federal Reserve Bank of Atlanta (e-mail: Juan.
Rubio-Ramirez@duke.edu); Uribe: Columbia University, 1109A International Affairs
Building, New York, NY 10027 (e-mail: mu2166@columbia.edu). ...
JF RUBIO‐RAMÍREZ… - Review of Economic …, 2010 - Wiley Online Library
Skip to Main Content. ...
J Fernández-Villaverde… - Journal of Economic …, 2006 - Elsevier
J Fernández-Villaverde… - 2010 - nber.org
... Jesús Fernández-Villaverde University of Pennsylvania 160 McNeil Building 3718 Locust Walk
Philadelphia, PA 19104 and NBER jesusfv@econ.upenn.edu Juan Rubio-Ramírez Duke
University PO Box 90097 Durham, NC 27708 juan.rubio-ramirez@duke.edu Page 3. ...
J Van Binsbergen, J Fernández-Villaverde… - 2010 - nber.org
... Ralph SJ Koijen Chicago Booth 5807 South Woodlawn Avenue 60637 Chicago, Illinois
ralph.koijen@chicagobooth.edu Juan F. Rubio-Ramírez Duke University PO Box 90097
Durham, NC 27708 juan.rubio-ramirez@duke.edu Page 3. 1. Introduction ...
P Burriel, J Fernández-Villaverde… - SERIEs: Journal of the …, 2010 - Springer
Page 1. SERIEs (2010) 1:175–243 DOI 10.1007/s13209-009-0011-x ORIGINAL
ARTICLE MEDEA: a DSGE model for the Spanish economy Pablo Burriel · Jesús
Fernández-Villaverde · Juan F. Rubio-Ramírez Received: 6 May ...
J Binsbergen, J Fernandez-Villaverde… - NBER Working …, 2010 - econpapers.repec.org
By Jules van Binsbergen, Jesus Fernandez-Villaverde, Ralph SJ Koijen and Juan F
Rubio-Ramirez; Abstract: We solve a dynamic stochastic general equilibrium (DSGE)
model in which the representative household has Epstein and.
EM Aldrich, J Fernández-Villaverde… - Journal of Economic …, 2011 - Elsevier
FS Mandelman, P Rabanal… - Review of Economic …, 2011 - Elsevier
... E-mail addresses: federico.mandelman@atl.frb.org (FS Mandelman), prabanal@imf.org
(P. Rabanal), juan.rubio-ramirez@duke.edu (JF Rubio-Ram rez), vilan@usc.edu (D. Vil
n). 1094-2025/$ see front matter 2010 Elsevier Inc. All rights reserved. ...
J Fernández-Villaverde, PA Guerrón-Quintana… - 2011 - nber.org
... phil.frb.org Keith Kuester Federal Reserve Bank of Philadelphia Keith.Kuester@phil.
frb.org Juan Rubio-Ramírez Duke University PO Box 90097 Durham, NC 27708
juan.rubio-ramirez@duke.edu Page 3. “Expectations of large ...
D Caldara, J Fernandez-Villaverde… - 2009 - nber.org
... Jesús Fernández-Villaverde University of Pennsylvania 160 McNeil Building 3718 Locust Walk
Philadelphia, PA 19104 and NBER jesusfv@econ.upenn.edu Juan F. Rubio-Ramírez Duke
University PO Box 90097 Durham, NC 27708 juan.rubio-ramirez@duke.edu ...
P Rabanal, J Rubio-Ramirez… - … Research Initiatives at …, 2008 - papers.ssrn.com
Abstract: A central puzzle in international macroeconomics is that observed real exchange
rates are highly volatile. Standard International Real Business Cycle (IRBC) models cannot
reproduce this fact when calibrated using conventional parameterizations, and can only ...
P Rabanal, JF Rubio-Ramirez… - 2001 - frbatlanta.org
Page 1. Working Paper Series Nominal versus Real Wage Rigidities: A Bayesian
Approach Pau Rabanal and Juan F. Rubio-Ramírez Working Paper 2001-22 November
2001 Page 2. The authors thank Pierpaolo Benigno, Jesús ...
J Rubio-Ramirez, D Waggoner… - Federal Reserve Bank of …, 2008 - papers.ssrn.com
Abstract: Structural vector autoregressions (SVARs) are widely used for policy analysis and
to provide stylized facts for dynamic general equilibrium models. Yet there have been no
workable rank conditions to ascertain whether an SVAR is globally identified. When ...
J Fernández-Villaverde, PA Guerrón-Quintana… - 2010 - nber.org
... Pablo A. Guerrón-Quintana Federal Reserve Bank of Philadelphia pablo.guerron@phil.frb.org
Juan Rubio-Ramírez Duke University PO Box 90097 Durham, NC 27708 juan.rubio-ramirez@
duke.edu Page 3. 1. Introduction Uncovering monetary policy is hard. ...
P Rabanal… - Economic Review-Federal …, 2003 - 199.169.243.129
Page 1. 43 Federal Reserve Bank of Atlanta ECONOMICREVIEW Second Quarter
2003 Monetary policy is a controversial topic. Economists are still divided into two
factions: those who believe that monetary policy does have ...
J Van Binsbergen… - University of …, 2008 - economics.sas.upenn.edu
Abstract This paper illustrates how to effi ciently compute and how to perform likelihood#
based inference in dynamic stochastic general equilibrium (DSGE) models with Epstein# Zin
preferences. This class of preferences has recently become a popular device to account ...
[CITATION] Regime changes in the euro area
J Rubio-Ramirez, D Waggoner… - Federal Reserve Bank of Atlanta, mimeo, 2005
JH van Binsbergen, J Fernandez-Villaverde… - manuscript, March, 2008 - Citeseer
Abstract This paper illustrates how to perform likelihood# based inference in dynamic
stochastic general equilibrium (DSGE) models with Epstein# Zin preferences. This class of
preferences has recently become a popular device to account for asset pricing ...
J Fernandez-Villaverde… - Econometric Reviews, 2009 - Taylor & Francis
P Rabanal, JF Rubio-Ramirez… - Journal of Monetary Economics, 2011 - Elsevier
J Fernandez-Villaverde,
R Koijen, J Rubio-Ramirez… - 2010 - papers.ssrn.com
Abstract: We solve a dynamic stochastic general equilibrium (DSGE) model in which the
representative household has Epstein and Zin recursive preferences. The parameters
governing preferences and technology are estimated by means of maximum likelihood ...
[CITATION] DFW and T. Zha (2009). Structural vector autoregressions: Theory of identification and algorithms for inference
JF Rubio-Ramirez - Review of Economic Studies
[CITATION] The Pruned State Space System for Non-Linear DSGE Models: Asset Pricing Applications to GMM and SMM
MM Andreasen, J Fernández-Villaverde… - Unpublished manuscript, 2010
[CITATION] Mark Wat& son (2007): VA
J Fernandez&Villaverde, JF Rubio&Ramirez… - B, Cns (and Dns) for …
J Fernández-Villaverde, P Guerrón-Quintana… - Working …, 2010 - ideas.repec.org
Downloadable! This paper compares the role of stochastic volatility versus changes in monetary
policy rules in accounting for the time-varying volatility of US aggregate data. Of special interest
to the authors is understanding the sources of the great moderation of business cycle ...
[CITATION] qWorking with Epstein'Zin Preferences: Computation and Likelihood Estimation of DSGE Models with Recursive Preferencesr
J Fernandez'Villaverde, R Koijen, JF Rubio'Ramirez… - 2008 - Mimeo
J Fernandez-Villaverde… - EconomicDynamics …, 2006 - ideas.repec.org
... adjustments.: Jesus Fernandez-Villaverde & Juan Rubio-Ramirez & Thomas J.
Sargent, 2005. "A, B, C's (and D)'s for Understanding VARs," NBER Technical Working
Papers 0308, National Bureau of Economic Research, Inc. ...
A Gorostiaga, JF Rubio-Ramírez… - 2004 - papers.ssrn.com
Page 1. WORKING PAPER SERIES FEDERAL RESERVE BANK o f ATLANTA Optimal
Minimum Wage in a Competitive Economy Arantza Gorostiaga and Juan Francisco
Rubio-Ramírez Working Paper 2004-30 November 2004 Page 2. ...
[CITATION] Estimating Dynamic Equilibrium Economies: A Likelihood Approach
J Fernandez Villaverde… - Federal Reserve of Atlanta, manuscript, 2003
J Fernández‐Villaverde… - Journal of the …, 2006 - Wiley Online Library
Page 1. “zwu002060332” — 2006/6/27 — page 466 — #1 ECONOMIC AND VAR
SHOCKS: WHAT CAN GO WRONG? Jesús Fernández-Villaverde University of
Pennsylvania Juan F. Rubio-Ramírez Federal Reserve Bank of Atlanta ...
[CITATION] Macroeconomics and Volatility: Data, Models
J Fernandez-Villaverde… - 2011 - and Estimation, working paper, …
[CITATION] Comparing Dynamic Equilibrium Models to Data
J Femrnndez-Villaverde… - Journal of Econometrics, 2004
[CITATION] June.“A, B, C's (and D)'s for Understanding VARs.”
J Fernandez-Villaverde, J Rubio-Ramirez… - 2005 - Technical Working Paper 0308, …
[CITATION] Can International Macroeconomic Models Explain Low-Frequency Movements of Real Exchange Rates?
J Rubio-Ramirez… - 2010 - mimeo
[CITATION] VA, B, Cs (and Ds) of Understanding VARsV
FV Jesus, J Rubio&Ramirez, TJ Sargent… - American Economic Review, 2007
A Gorostiaga… - 2005 - webmeets.com
Page 1. Fiscal Policy and Minimum Wage for Redistribution: An Equivalence Result
Arantza Gorostiaga* Universidad del País Vasco. Juan F. Rubio-Ramírez Federal
Reserve Bank of Atlanta April, 2005 Abstract In this paper ...
J Fernández-Villaverde… - Applied Economics …, 2007 - Taylor & Francis
A Gorostiaga… - Economic Modelling, 2007 - Elsevier
J Fernández-Villaverde… - 2004 - papers.ssrn.com
Abstract: This paper presents some new results on the solution of the stochastic neoclassical
growth model with leisure. We use the method of Judd (2003) to explore how to change
variables in the computed policy functions that characterize the behavior of the economy. ...
[CITATION] Professor of Economics
J Rubio-Ramirez - Duke University
J Rubio-Ramirez - 2003 - papers.ssrn.com
Abstract: This paper studies the optimal behavior of a democratic government in its use of
fiscal policies to redistribute income. I present a stochastic dynamic general equilibrium
model with heterogeneous agents to analyze (1) the differences between the effects on ...
J Fernández-Villaverde, P Guerrón-Quintana… - 2010 - aeaweb.org
... Duke University and Federal Reserve Bank of Atlanta Martín Uribe Columbia University∗
December 3, 2010 *Corresponding author: Juan F. Rubio-Ramírez, 213 Social Sciences, Duke
University, Durham, NC 27708, USA. E-mail: Juan.Rubio-Ramirez@duke.edu. ...
JF Rubio-Ramirez… - Computing in Economics and Finance …, 2006 - ideas.repec.org
We study why fluctuations of the real exchange rate are so volatile with respect to other
macroeconomic variables for latin american economies. We use a Bayesian approach to estimate
a two-country New Keynesian Open Economy Macroeconomics using data for several latin ...
J Fernández-Villaverde, PA Guerrón-Quintana… - 2011 - nber.org
... edu Pablo A. Guerrón-Quintana Federal Reserve Bank of Philadelphia
pablo.guerron@phil.frb.org Juan Rubio-Ramírez Duke University PO Box 90097
Durham, NC 27708 juan.rubio-ramirez@duke.edu Page 3. 1. Introduction ...
J Fernández-Villaverde… - 2006 - economics.sas.upenn.edu
Page 1. Our Research Agenda: Estimating DSGE Models Jesús Fernández-Villaverde
Duke University, NBER, and CEPR Juan F. Rubio-Ramírez Duke University and Federal
Reserve Bank of Atlanta October 5, 2006 1 Page 2. 1. Introduction ...
P Burriel, J Fernández-Villaverde… - 2009 - cepr.org
DP7297 MEDEA: A DSGE Model for the Spanish Economy. ...
[CITATION] ECON5984: Advanced Macroeconomics: Empirics and Theory–Spring 2010
J Fernández-villaverde, JF Rubio-ramírez… - 2004 - citeseer.ist.psu.edu
CiteSeerX - Document Details (Isaac Councill, Lee Giles): for comments. Jonas Fisher provided
us with his investment deflator. Mark Fisher's help with coding was priceless. Beyond the usual
disclaimer, we must note that any views expressed herein are those of the authors and ...
J Fernández-Villaverde, J Rubio-Ramírez… - 2005 - cdi.mecon.gov.ar
... source. Page 2. A, B, C's (and D)'s for Understanding VARs Jesús Fernández-
Villaverde, Juan Rubio-Ramirez, and Thomas J. Sargent NBER Technical Working
Paper No. 308 May 2005 JEL No. E0, C11, C3 ABSTRACT The ...
J Fernández-Villaverde, PA Guerron-Quintana… - 2011 - cepr.org
DP8642 Supply-Side Policies and the Zero Lower Bound. ...
J Fernandez-Villaverde… - … in Economics and …, 2003 - econpapers.repec.org
By Jesus Fernandez-Villaverde and Juan F Rubio-Ramirez; Estimating
nonlinear dynamic economies: A likelihood approach.
J Fernández-Villaverde… - 2006 - cepr.org
DP5513 Estimating Macroeconomic Models: A Likelihood Approach. Author(s ...
J Rubio-Ramirez - apply.barcelonagse.eu
Then we learn which numerical problems are related to Bayesian estimation and how to
overcome them using Monte Carlo integration. The second step is to introduce importance
sampling and show how to use it to overcome the numerical problems related to Bayesian ...
MA Gorostiaga Alonso… - DFAE-II Working Papers …, 2006 - addi.ehu.es
Page 1. Optimal Minimum Wage in a Competitive Economy: An Alternative Modelling
Approach Arantza Gorostiaga Universidad del País Vasco Juan F. Rubio#Ramírez
Duke University October, 2006 Abstract This paper analyzes ...
J Fernández-Villaverde, PA Guerron-Quintana… - 2011 - cepr.org
DP8528 Fiscal Volatility Shocks and Economic Activity. ...
JF Rubio-Ramírez… - 2010 - frbatlanta.org
... Department, 700 19th Street, NW, Washington, DC 20431, prabanal@imf.org; Juan F.
Rubio-Ramírez, Duke University, Federal Reserve Bank of Atlanta, and FEDEA, 213 Social
Sciences Building, PO Box 90097, Durham, NC 27708-0097, juan.rubio-ramirez@duke.edu; ...
J Fernández-Villaverde, PA Guerron-Quintana… - 2009 - temporaryaddress.cepr.org
DP7264 Risk Matters: The Real Effects of Volatility Shocks. ...
J Fernández-Villaverde… - 2010 - cepr.org
DP8169 Macroeconomics and Volatility: Data, Models, and Estimation. Author(s ...
FS Mandelman, P Rabanal, JF Rubio-Ramirez… - 2010 - econpapers.repec.org
By Federico S. Mandelman, Pau Rabanal, Juan F Rubio-Ramirez and Diego Vilán;
Abstract: Code and data to replicate the results of the article.
P Rabanal, JF Rubio-Ramirez… - IMF Working …, 2010 - ideas.repec.org
Downloadable! In this paper, we first introduce investment-specific technology (IST) shocks to
an otherwise standard international real business cycle model and show that a thoughtful
calibration of them along the lines of Raffo (2009) successfully addresses the "quantity", " ...
D Caldara, J Fernandez-Villaverde… - Review of Economic …, 2011 - Elsevier
... E-mail addresses: dario.caldara@frb.gov (D. Caldara), jesusfv@econ.upenn.edu (J.
Fernández-Villaverde), juan.rubio-ramirez@duke.edu F. Rubio-RamÃrez), wenyao@econ.upenn.
edu (W. Yao).94-2025/$ – see front matter  2011 Elsevier Inc. All rights reserved. ...
[CITATION] A DSGE Model for the Spanish Economy
P Burriel, B de España, J Fernández-Villaverde… - 2009
J Fernández-Villaverde, PA Guerron-Quintana… - 2010 - cepr.org
DP7813 Fortune or Virtue: Time-Variant Volatilities Versus Parameter Drifting in US Data. ...
D Caldara, J Fernández-Villaverde… - 2009 - cepr.org
DP7312 Computing DSGE Models with Recursive Preferences. ...
J Fernández-Villaverde,
R Koijen, JF Rubio-Ramírez… - 2010 - cepr.org
DP7781 The Term Structure of Interest Rates in a DSGE Model with Recursive Preferences. ...
A Gorostiaga… - 2004 Meeting Papers, 2004 - ideas.repec.org
This paper studies the optimality of a minimum wage law when it is used, jointly with a distortionary
tax-transfer scheme, to redistribute income among agents with different marginal productivity.
We build a dynamic and stochastic general equilibrium model with a Ramsey planner ...
[CITATION] Dynamic Macroeconomic Models: Computation and Estimation
JF Rubio-Ramiŕez - 2001 - University of Minnesota
JF Rubio-Ramirez - 2010 - dukespace.lib.duke.edu
Page 1. FEDERAL RESERVE BANK OF ST. LOUIS REVIEW JULY /AUGUST 2010 311
Reading the Recent Monetary History of the United States, 1959-2007 Jesús
Fernández-Villaverde, Pablo Guerrón-Quintana, and Juan F. Rubio-Ramírez ...
JF Rubio-Ramírez - 2004 - 199.169.243.129
Page 1. WORKING PAPER SERIES FEDERAL RESERVE BANK o f ATLANTA Estimating Dynamic
Equilibrium Economies: Linear versus Nonlinear Likelihood Jesús Fernández-Villaverde and
Juan Francisco Rubio-Ramírez Working Paper 2004-3 February 2004 Page 2. ...
J Fernández-Villaverde, PA Guerron-Quintana… - 2010 - cepr.org
DP7812 Reading the Recent Monetary History of the US, 1959-2007. ...
J Fernández-Villaverde… - 2006 - ssc.upenn.edu
Page 1. Technical Appendix to: “Estimating Macroeconomic Models: A Likelihood Approach”
Jesús Fernández-Villaverde University of Pennsylvania, NBER, and CEPR Juan F. Rubio-Ramírez
Duke University and Federal Reserve Bank of Atlanta November 20, 2006 Abstract 1 ...
P Rabanal… - 2012 - papers.ssrn.com
... JEL Classification Numbers: E32, F32, F33, F41. Keywords: International Business Cycles,
Spectrum, Real Exchange Rates, Cointegration. Author's E-Mail Address: prabanal@imf.org;
juan.rubio-ramirez@duke.edu 1 Pau Rabanal is an economist at the IMF Institute. ...
P Burriel Llombart… - … de trabajo (FEDEA), 2009 - dialnet.unirioja.es
Page 1. MEDEA: A DSGE Model for the Spanish Economy* by Pablo Burriel** Jesús
Fernández-Villaverde*** Juan F. Rubio-Ramírez**** DOCUMENTO DE TRABAJO
2009-17 Cátedra de Investigación Fedea – Caja Madrid May 2009 ...
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