{"id":7776,"date":"2022-12-03T06:34:41","date_gmt":"2022-12-02T22:34:41","guid":{"rendered":"https:\/\/www.ukm.my\/jem\/?post_type=article&#038;p=7776"},"modified":"2023-12-18T11:42:46","modified_gmt":"2023-12-18T03:42:46","slug":"what-does-data-on-functional-income-distribution-tell-us-about-trends-in-and-correlates-of-income-inequality-in-the-asia-pacific-2","status":"publish","type":"article","link":"https:\/\/www.ukm.my\/jem\/article\/what-does-data-on-functional-income-distribution-tell-us-about-trends-in-and-correlates-of-income-inequality-in-the-asia-pacific-2\/","title":{"rendered":"The Behavior of Households Using the Dynamic Stochastic General Equilibrium Model: Alternative Models"},"content":{"rendered":"<p><em>This paper endeavors to present a dynamic stochastic general equilibrium (DSGE) model that can assay and check the traces of changes in utility in Iran&#8217;s economy by defining different utility functions for households.<\/em> <em>It<\/em> <em>uses data from <\/em><em>1998 to 2020<\/em><em> and assays <\/em><strong><em>Iranian<\/em><\/strong> <strong><em>households\u2019 <\/em><\/strong><em>behavior <\/em><em>within the framework of a DSGE model.<\/em><em> A number of modifications to the standard model have been introduced to enforce stationarity and <\/em><em>household behavior<\/em><em>.<\/em> <em>To this aim, this <\/em><em>rummage,<\/em><em> with a glimpse at the existing economic literature, will present a DSGE model for a small open economy with changing utility function.<\/em><em> Three different <\/em><em>characteristics<\/em><em> are considered for this purpose, namely an endogenous discount factor model, a debt-elastic interest-rate premium model, and a portfolio adjustment costs model. The results show that all models assert virtually identical dynamics at business-cycle frequencies as measured impulse response functions. The notable difference among the alternative models is that the debt-elastic interest-rate premium model and the portfolio adjustment costs model have dynamic changes.<\/em><\/p>\n","protected":false},"template":"","tags":[117,1536,1537,1538],"jel-code":[1540,1539,1278,1541],"article-type":[1329],"class_list":["entry","author-asriwn","post-7776","article","type-article","status-publish","tag-debt","tag-dynamic-stochastic-general-equilibrium","tag-household-behavior","tag-open-economic-model","jel-code-c72","jel-code-d11","jel-code-f41","jel-code-f44","article-type-normal-article"],"_links":{"self":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/7776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/types\/article"}],"version-history":[{"count":3,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/7776\/revisions"}],"predecessor-version":[{"id":7783,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/7776\/revisions\/7783"}],"wp:attachment":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/media?parent=7776"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/tags?post=7776"},{"taxonomy":"jel-code","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/jel-code?post=7776"},{"taxonomy":"article-type","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article-type?post=7776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}