Search Results - "Drautzburg, Thorsten"

A structural approach to combining external and DSGE model forecasts by Drautzburg, Thorsten

“…This note shows that combining external forecasts such as the Survey of Professional Forecasters can significantly increase DSGE forecast accuracy while…”
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Fiscal stimulus and distortionary taxation by Drautzburg, Thorsten, Uhlig, Harald

“…We quantify the fiscal multipliers in response to the American Recovery and Reinvestment Act (ARRA) of 2009. We extend the benchmark medium-scale New Keynesian…”
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Entrepreneurial tail risk: Implications for employment dynamics by Drautzburg, Thorsten

“…•An equilibrium model of entrepreneurial entry with incomplete diversification.•The model is quantitative, yet tractable enough to estimate with standard…”
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A narrative approach to a fiscal DSGE model by Drautzburg, Thorsten

“…Structural DSGE models are used for analyzing both policy and the sources of business cycles. Conclusions based on full structural models are, however,…”
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The role of startups for local labor markets by Carlino, Gerald, Drautzburg, Thorsten

“…Summary There are substantial differences in startup activity across US local labor markets. We study the causes and consequences of these differences. Startup…”
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Refining set-identification in VARs through independence by Drautzburg, Thorsten, Wright, Jonathan H.

“…Identification in VARs has traditionally mainly relied on second moments. Some researchers have considered using higher moments as well, but there are concerns…”
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Accounting for the sources of macroeconomic tail risks by Atalay, Enghin, Drautzburg, Thorsten, Wang, Zhenting

“…Using a multi-industry real business cycle model, we empirically examine the microeconomic origins of aggregate tail risks. Our model, estimated using…”
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Bargaining shocks and aggregate fluctuations by Drautzburg, Thorsten, Fernández-Villaverde, Jesús, Guerrón-Quintana, Pablo

“…We argue that social and political risk causes significant aggregate fluctuations by changing workers’ bargaining power. Using a Bayesian proxy-VAR estimated…”
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Identification and inference with ranking restrictions by Amir Ahmadi, Pooyan, Drautzburg, Thorsten

“…We propose to add ranking restrictions on impulse-responses to sign restrictions to narrow the identified set in vector autoregressions (VARs). Ranking…”
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Essays on macroeconomics by Drautzburg, Thorsten

“…My dissertation is a positive analysis of two topics in macroeconomics: New businesses, entrepreneurship, and job creation is the subject of the first essay,…”
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Essays on macroeconomics by Drautzburg, Thorsten

“…My dissertation is a positive analysis of two topics in macroeconomics: New businesses, entrepreneurship, and job creation is the subject of the first essay,…”
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