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https://doi.org/10.1080/1331677X.2018.1550004

The Romanian versus Eurozone economy via a DSGE model

Oana Simona Hudea ; Department of Social and Administrative Sciences, Faculty of Administration and Business, University of Bucharest, Bucharest, Romania

Puni tekst: engleski, pdf (1 MB) str. 50-65 preuzimanja: 177* citiraj
APA 6th Edition
Hudea, O.S. (2019). The Romanian versus Eurozone economy via a DSGE model. Economic research - Ekonomska istraživanja, 32 (1), 50-65. https://doi.org/10.1080/1331677X.2018.1550004
MLA 8th Edition
Hudea, Oana Simona. "The Romanian versus Eurozone economy via a DSGE model." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 50-65. https://doi.org/10.1080/1331677X.2018.1550004. Citirano 31.03.2020.
Chicago 17th Edition
Hudea, Oana Simona. "The Romanian versus Eurozone economy via a DSGE model." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 50-65. https://doi.org/10.1080/1331677X.2018.1550004
Harvard
Hudea, O.S. (2019). 'The Romanian versus Eurozone economy via a DSGE model', Economic research - Ekonomska istraživanja, 32(1), str. 50-65. https://doi.org/10.1080/1331677X.2018.1550004
Vancouver
Hudea OS. The Romanian versus Eurozone economy via a DSGE model. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 31.03.2020.];32(1):50-65. https://doi.org/10.1080/1331677X.2018.1550004
IEEE
O.S. Hudea, "The Romanian versus Eurozone economy via a DSGE model", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 50-65, 2019. [Online]. https://doi.org/10.1080/1331677X.2018.1550004

Sažetak
The present paper has as main purpose to reveal, in a new Keynesian manner, the evolution of the Romanian economy, as compared to that of the Eurozone, for a period of 14.5 years, since 2000 to 2014. The analysis is based on dynamic modelling, considering price and wage stickiness, as well as the manifestation of 20 structural shocks acting on and altering the model variables, all captured in the context of the general equilibrium of markets. The estimation of parameters and the standard deviation of shocks, achieved by resorting to the Bayesian approach, via the use of the Metropolis-Hastings algorithm, a Markov Chain Monte Carlo instrument, was rendered and construed accordingly, revealing compatibility not only with other authors’ results, but also
with the economic reality of the time.

Ključne riječi
DSGE models; Bayesian analysis; Metropolis Hastings algorithm; price/ wage stickiness; structural shocks

Hrčak ID: 216157

URI
https://hrcak.srce.hr/216157

Posjeta: 276 *