A simple DSGE model with fiscal policy in the Philippines
This research paper utilizes the dynamic stochastic general equilibrium model in explaining the flow of the Philippines economy when shock arises assuming it is a close market setting. There are a limited number of researches conducted in explaining the macroeconomics of the Philippines using the DS...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2013
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/10732 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | This research paper utilizes the dynamic stochastic general equilibrium model in explaining the flow of the Philippines economy when shock arises assuming it is a close market setting. There are a limited number of researches conducted in explaining the macroeconomics of the Philippines using the DSGE model. This DSGE model is estimated through real data on GDP, government spending, total consumption and interest rates. Hopefully, through calibration of the different shocks the model would allow us to understand and estimate how the Philippines economy would react if these certain shocks were to happen. |
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