Theoretical and Applied Economics
No. 1 / 2015 (602), Spring
Beyond the implementation of a dynamic stochastic general equilibrium model
University of Bucharest, Romania
Abstract. The present paper is structured as a brief guide focused on the rendering of the output generated by Dynare, a specific tool of Matlab, when implementing a Dynamic Stochastic General Equilibrium model for impulse-response function analysis purpose. After a concise description of a standard Real Business Cycle model, the steady state of variables, the eigenvalues, the matrix of covariance of exogenous shocks, the policy and transition functions, the theoretical moments, the variance decomposition, the matrix of correlations and the coefficient of autocorrelation of simulated variables, as well as the graphical representation of the impulse-response functions are displayed and construed accordingly.
Keywords: Dynamic Stochastic General Equilibrium model, Real Business Cycle model, impulse-response function, structural shocks, Dynare code.
Contents
- The credit impact on the economic growth
Daniel ARMEANU
Carmen PASCAL
Dorina POANTA
Cristina Andreea DOIA
- Predicting balance of payments crises
for some emerging economies
Archana KULKARNI
Bandi KAMAIAH
- Creativity and innovation – Sources of competitive advantage in
the value chain of tourism enterprises
Nicolae TEODORESCU
Aurelia-Felicia STĂNCIOIU
Anamaria Sidonia RĂVAR
Andreea BOTOȘ
- How to escape the middle income trap:
international evidence
from a binary dependent variable model
Can Tansel TUĞCU
- Environmental Kuznets curve. Evidence from Romania
Dorin JULA
Corina-Ionela DUMITRESCU
Ioana-Ruxandra LIE
Răzvan-Mihai DOBRESCU
- Effects of economic crisis on the distribution
of earnings from Romania
Amalia CRISTESCU
Dorel AILENEI
- An approach of social policy in terms
of macro-stabilisation function
Anca-Maria GHERMAN
George-Marian ȘTEFAN
- Economy recovery risks which Romanian companies
has to cope with
Daniela Livia TRAȘCĂ
- The measurement of fiscal behavior in some European
countries: Panel data perspective
Süleyman BOLAT
Aviral Kumar TIWARI
- Romanian municipal bond market at Bucharest Stock
Exchange: further investigations
Cornelia POP
Maria-Andrada GEORGESCU
- Inequality and economic growth:
theoretical and operational approach
Ana ANDREI
Liliana CRĂCIUN
- Measuring financial development in India:
A PCA approach
Sanjaya Kumar LENKA
- The role of rating agencies
in international financial market
Emilian-Constantin MIRICESCU
- Socioeconomic development index ranking
calculations of cities with fuzzy clustering method:
case of Turkey
Necati Alp ERİLLİ
- Fiscal transparency in the European Union
Alexandra ADAM
- Accelerating the development of learning organizations: Shifting
paradigms from current practice to human performance
improvement
John B. LAZĂR
Daniela ROBU
- Transferring business intelligence
and big data analysis from corporations
to governments as a hybrid leading indicator
Dumitru-Alexandru BODISLAV
- The impact of cultural and educational accumulations
on entrepreneurial behaviour.
Main issues encountered in theoretical approaches
Anca-Teodora ŞERBAN-OPRESCU (OPRESCU)
Ştefania-Cristina CUREA (NEAGU)
- Models for evaluating financial crisis – what went wrong
for developed and emerging economies?
Smaranda CIMPOERU
- Impact of financial crisis on the decision making process for
insurance consumers
Laura Elly NAGHI
Mihaela COVRIG
Adrian FEDEROVICI
- Beyond the implementation of a dynamic stochastic general
equilibrium model
Oana Simona HUDEA (CARAMAN)