A small-scale DSGE-VAR model for the Romanian economy

Raluca-Elena Pop

Economic Modelling, 2017, vol. 67, issue C, 1-9

Abstract: This paper describes the theoretical structure and the estimation results for a DSGE-VAR model for the Romanian economy, an inflation targeting country since 2005. Having as benchmark the New-Keynesian model of Rabanal and Rubio-Ramirez (2005), the main additional feature introduced refers to the extension to a small open economy setting in order to account for this specific aspect of the Romanian economy.

Keywords: DSGE-VAR; Minnesota-VAR; Unrestricted VAR; Forecast (search for similar items in EconPapers)
JEL-codes: C32 C51 C53 F41 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:67:y:2017:i:c:p:1-9

DOI: 10.1016/j.econmod.2016.07.011

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