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Bayesian estimation of small-scale DSGE model of the Ukrainian economy

Semko, Roman (2011): Bayesian estimation of small-scale DSGE model of the Ukrainian economy. Published in: Scientific Notes of NaUKMA , Vol. 120, : pp. 78-84.

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Abstract

In this article we try to introduce Bayesian methodology for the estimation of dynamic stochastic general equilibrium model of the Ukrainian economy. The resulting impulse response functions can be used for increasing the efficiency of monetary and fiscal policy interventions. In addition, we showed that technology is one of the most important factors contributing to the stable long-term growth path of the economic system of Ukraine.

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