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

Ioana Teodora Meșter
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Ioana Teodora Meșter: University of Oradea, Romania
Authors registered in the RePEc Author Service: Ioana Teodora Mester

Annals of the University of Petrosani, Economics, 2008, vol. 8, issue 2, 17-24

Abstract: 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

Keywords: business cycle; general equilibrium model; impulse response function (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:8:i:2:y:2008:p:17-24

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