Developing a Dynamic Stochastic Model of General Equilibrium for the Russian Economy

This paper describes a dynamic stochastic general equilibrium (DSGE) model for the Russian economy. It takes into account a high dependence of the national economy on the oil export. The model consists of three production sectors: tradable and non-tradable sectors and oil extraction sector. Oil is exported and used as an input in tradable and non-tradable sectors. As an application of the calibrated model we analyze the macroeconomic effects of structural shocks that are popular in the literature and actual for the Russian economy including oil price shocks.

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Year of publication:	2014
Authors:	Polbin, Andrei ; Drobyshevsky, Sergey
Published in:	Research Paper Series. - Gaidar Institute for Economic Policy. - 2014, 166P, p. 156-156
Publisher:	Gaidar Institute for Economic Policy
Subject:	Russian economy \| stochastic model of general equilibrium

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Extent:	application/pdf
Type of publication:	Article
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C63 - Computational Techniques ; E32 - Business Fluctuations; Cycles ; E37 - Forecasting and Simulation ; E40 - Money and Interest Rates. General ; E47 - Forecasting and Simulation ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010774720