S.B. Amin
Energy Price Shocks in Dynamic Stochastic General Equilibrium: The Case of Bangladesh
Amin, S.B.; Marsiliani, L.
Abstract
We investigate the role of energy price shocks on business cycle fl uctuations in Bangladesh. In doing so, we calibrate a Dynamic Stochastic General Equilibrium (DSGE) model, allowing for both energy consumption by households and as an input in production. We fi nd that qualitatively temporary energy price shocks and technology shocks produce similar impulse response functions, as well as similar (quantitatively) autocorrelations in aggregate quantities. The variance in aggregate quantities are better explained by technology shocks than by energy price shocks, suggesting that technology shocks are more important source of fl uctuations in Bangladesh.
Citation
Amin, S., & Marsiliani, L. (2015). Energy Price Shocks in Dynamic Stochastic General Equilibrium: The Case of Bangladesh. Review of business and economics studies, 3(4), 12-21
Journal Article Type | Article |
---|---|
Acceptance Date | Dec 27, 2015 |
Publication Date | Dec 1, 2015 |
Deposit Date | Dec 1, 2015 |
Publicly Available Date | Dec 4, 2015 |
Journal | Nadiinist' Instumentu ta Optymizatsiya Tekhnolohichnykh System |
Print ISSN | 2308-944X |
Electronic ISSN | 2311-0279 |
Publisher | Financial University under the Government of Russian Federation |
Peer Reviewed | Peer Reviewed |
Volume | 3 |
Issue | 4 |
Pages | 12-21 |
Public URL | https://durham-repository.worktribe.com/output/1397016 |
Publisher URL | http://www.robes.fa.ru/index.html |
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