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

Adrian Ifrim

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: New-Keynesian; Romania; Impulse-Response (search for similar items in EconPapers)
JEL-codes: C11 E32 E47 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-dge, nep-mac and nep-tra
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https://mpra.ub.uni-muenchen.de/57479/1/MPRA_paper_57479.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/63900/8/MPRA_paper_63900.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:57479

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