Estimation of the Basic New Keynesian Model for the Economy of Romania

In this paper a simple New-Keynesian DSGE model is derived and then estimated for the Romanian economy. Some parameters are calibrated and others are estimated on Romania’s data using Bayesian techniques. The model fit is evaluated and the effects of different types of shock are presented.

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Year of publication:	2014
Authors:	Ifrim, Adrian

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Ifrim, Adrian (2014): Estimation of the Basic New Keynesian Model for the Economy of Romania.
Classification:	C11 - Bayesian Analysis ; E32 - Business Fluctuations; Cycles ; E47 - Forecasting and Simulation
Source:	BASE

Persistent link: https://www.econbiz.de/10015247366