Bayesian estimation of small-scale DSGE model of the Ukrainian economy

Roman Semko

MPRA Paper from University Library of Munich, Germany

Abstract: In this article we try to introduce Bayesian methodology for the estimation of dynamic stochastic general equilibrium model of the Ukrainian economy. The resulting impulse response functions can be used for increasing the efficiency of monetary and fiscal policy interventions. In addition, we showed that technology is one of the most important factors contributing to the stable long-term growth path of the economic system of Ukraine.

Keywords: DSGE model; Bayesian estimation; monetary and fiscal policy (search for similar items in EconPapers)
JEL-codes: C11 E6 O23 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-dge
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:35215

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