THE DETAILS OF CONSTRUCTION AND APPLICATION OF EUROPEAN COMMISSION MACROMODEL QUEST III WITH EXTENDED FISCAL BLOCK

THE DETAILS OF CONSTRUCTION AND APPLICATION OF EUROPEAN COMMISSION MACROMODEL QUEST III WITH EXTENDED FISCAL BLOCK

In this paper we provide detailed derivation of dynamic stochastic general equilibrium model QUEST III that was developed under European Commission project. The principal feature of the model is the presence of both monetary and extended fiscal blocks. In particular, Central Bank sets interest rate...

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Bibliographic Details
Main Authors:	I. Lukianenko, Roman Semko
Format:	Article
Language:	deu
Published:	Publishing Center "Kyiv University" 2015-10-01
Series:	Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка
Subjects:	dynamic stochastic general equilibrium model fiscal and monetary policy complex shocks supply shock stagflation
Online Access:	http://bulletin-econom.univ.kiev.ua/wp-content/plugins/download-attachments/includes/download.php?id=7424

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