Analysis of the Impact of Some Economic Policies on Macroeconomic Variables Using a General Equilibrium Model

The term “business cycle” refers to joint time-series behavior of a wide range of economic variables such as prices, output, employment, consumption and investment. The objective of this article is to study the effect of the terms of trade in a small open economy general stochastic equilibrium model. For the beginning, I examine the role of world prices in inducing business cycle fluctuations using a dynamic stochastic small open economy model

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Year of publication:	2008
Authors:	Meșter, Ioana Teodora
Published in:	Annals of the University of Petrosani, Economics. - University of Petrosani, Romania. - Vol. 8.2008, p. 17-24
Publisher:	University of Petrosani, Romania
Subject:	business cycle \| general equilibrium model \| impulse response function

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005403712