An analysis of the structure and dynamics of the Philippine macroeconomy: Results from a DSGE-based estimation

• Main Author: Majuca, Ruperto P.
• Format: text
• Published: Animo Repository 2014
• Subjects: Monetary policy > Philippines; Philippines > Economic conditions; Macroeconomics; Equilibrium (Economics); Bayesian statistical decision theory; Economics
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/2139
• Institution: De La Salle University

I use Bayesian methods to estimate a medium-scale closed economy dynamic stochastic general equilibrium (DSGE) model for the Philippine economy. Bayesian model selection techniques indicate that among the frictions introduced in the model, the investment adjustment costs, habit formation, and the pr...