A DSGE model for the Slovenian economy : model estimates and application

Kuštrin, Andrej (author)

The paper presents the estimation of a dynamic stochastic general equilibrium (DSGE) model for the Slovenian economy and its applications. The model, which is built in the tradition of New Keynesian models, closely follows the structure of the model developed by Adolfson et al. (2007) and Masten (2010). We estimate the model using a Bayesian method on quarterly Slovenian macroeconomic data covering the period 1995-2014. Beyond evaluating the properties of the estimated model, we discuss the role of various shocks in explaining macroeconomic fluctuations in the Slovenian economy to illustrate the model’s potential in structural business cycle analysis.

• Language: English
• Keywords: national economy, models, methods, business process
• Work type: Article
• Typology: 1.01 - Original Scientific Article
• Organization: EF - School of Economics and Business
• Publication version: Version of Record
• Year: 2019
• Number of pages: Str. 143-212, 341
• Numbering: Vol. 21, iss. 2
• PID: 20.500.12556/RUL-124373
• UDC: 338(497.4)
• ISSN on article: 1580-0466
• DOI: 10.15458/ebr.87
• COBISS.SI-ID: 43442435
• Publication date in RUL: 19.01.2021

Record is a part of a journal

• Title: Economic and business review
• Shortened title: Econ. bus. rev
• Publisher: Ekonomska fakulteta
• ISSN: 1580-0466
• COBISS.SI-ID: 103864832

Licences

• License: CC BY-NC-SA 4.0, Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International
• Link: http://creativecommons.org/licenses/by-nc-sa/4.0/
• Description: A Creative Commons license that bans commercial use and requires the user to release any modified works under this license.
• Licensing start date: 19.01.2021

Secondary language

• Language: Slovenian
• Title: DSGE model slovenskega gospodarstva
• Keywords: državno gospodarstvo, modeli, metode, poslovni proces