Macroeconomic performances are extremely affected by unexpected oil price shocks in oil-
exporting countries. Monetary rules rarely work properly in this environment. Therefore …

This paper employs fifteen dynamic macroeconomic models maintained within the
European System of Central Banks to assess the size of fiscal multipliers in European …

This paper describes the theoretical structure and estimation results for a DSGE model for
the Romanian economy. Having as benchmark the model of Christiano et al.(2011), the …

Abstract We simulate the Euro Area's fiscal consolidation between 2011 and 2013 by
employing two DSGE models used by the ECB and the European Commission, respectively …

This paper analyzes the effects of nominal wage rigidity on inflation persistence and
unemployment using a dynamic stochastic general equilibrium model for the Tunisian …

Статья содержит исторический обзор основных методов учета неопределенности в
процессе макроэкономического моделирования экономического роста во второй …

The purpose of this paper is to examine the impact of crude oil production and price shocks
on the monetary, fiscal and macroeconomic variables in the framework of new Keynesian …

Selection of exchange rate regime and its consequences, is one of the major issues in
international finance. Dependence of Iran to oil export revenues gives an important role to …

This article analyses the importance of technology and non-technology shocks in the
business cycles of European Union post-transition countries. Different assumptions of New …

This paper examines the possibility for Sudan to build a small open-economy, dynamic
stochastic general equilibrium (DSGE) model. The model consists of 14 equations estimated …