Computational Economics Project in Macroeconomics and Finance
Published:
Managerial Summary::
Overview: Approach business problems via Macroeconomics and Financial Economics
1️⃣ Real Business Cycle: Increased the GDP response to productivity shocks by 30% from the benchmark due to 8% increase in private investments using the structural Real Business Cycle model with capacity utilization
2️⃣ Macro-Finance Asset Pricing: Simultaneously increased equity risk premium to 5.5% while reduced risk-free rate to 2.5% with small volatility (1%) by the consumption-based asset pricing model with long-run risks
Note: The project is still ongoing. Stay tuned. Codes and reports are available upon requests (via email).