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

• 主要作者: Majuca, Ruperto P.
• 格式: text
• 出版: Animo Repository 2014
• 主題: Monetary policy > Philippines; Philippines > Economic conditions; Macroeconomics; Equilibrium (Economics); Bayesian statistical decision theory; Economics
• 在線閱讀: https://animorepository.dlsu.edu.ph/faculty_research/2139
• 機構: 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...