DSGE modelling for the UK economy 1974–2017
dc.contributor.author | Litsios, Ioannis | |
dc.contributor.author | Pilbeam, K | |
dc.contributor.author | Asteriou, D | |
dc.date.accessioned | 2020-08-18T10:19:24Z | |
dc.date.available | 2020-08-18T10:19:24Z | |
dc.date.issued | 2020-08-13 | |
dc.identifier.issn | 0307-3378 | |
dc.identifier.issn | 1467-8586 | |
dc.identifier.other | boer.12255 | |
dc.identifier.uri | http://hdl.handle.net/10026.1/16172 | |
dc.description.abstract |
<jats:title>Abstract</jats:title><jats:p>We build four different dynamic stochastic general equilibrium (DSGE) models for a small open economy reflecting both neoclassical and Keynesian specifications. A DSGE model with full price and wage flexibility is initially constructed and then modified through nominal wage and price rigidities. The ability of the models to replicate important features of the business cycle activity in the UK is explored through statistical and econometric analysis. Evidence suggests that a monetary shock under the Taylor model with price stickiness can replicate a significant portion of the business cycle activity in the UK economy.</jats:p> | |
dc.format.extent | 295-323 | |
dc.language | en | |
dc.language.iso | en | |
dc.publisher | Wiley | |
dc.subject | DSGE | |
dc.subject | long run dynamics | |
dc.subject | monetary-fiscal-technology shocks | |
dc.subject | price rigidities | |
dc.subject | short run dynamics | |
dc.subject | simulated business cycles | |
dc.subject | small open economy | |
dc.subject | wage rigidities | |
dc.title | DSGE modelling for the UK economy 1974–2017 | |
dc.type | journal-article | |
dc.type | Journal Article | |
plymouth.author-url | https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000558861600001&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=11bb513d99f797142bcfeffcc58ea008 | |
plymouth.issue | 2 | |
plymouth.volume | 73 | |
plymouth.publication-status | Published | |
plymouth.journal | Bulletin of Economic Research | |
dc.identifier.doi | 10.1111/boer.12255 | |
plymouth.organisational-group | /Plymouth | |
plymouth.organisational-group | /Plymouth/Faculty of Arts, Humanities and Business | |
plymouth.organisational-group | /Plymouth/REF 2021 Researchers by UoA | |
plymouth.organisational-group | /Plymouth/REF 2021 Researchers by UoA/UoA17 Business and Management Studies | |
dcterms.dateAccepted | 2020-04-06 | |
dc.rights.embargodate | 2020-8-19 | |
dc.identifier.eissn | 1467-8586 | |
dc.rights.embargoperiod | Not known | |
rioxxterms.versionofrecord | 10.1111/boer.12255 | |
rioxxterms.licenseref.uri | http://www.rioxx.net/licenses/all-rights-reserved | |
rioxxterms.licenseref.startdate | 2020-08-13 | |
rioxxterms.type | Journal Article/Review |