Guangling (Dave) Liu; Gupta, Rangan; Schaling, Eric - Department of Economics, Faculty of Economic and … - 2008
This paper develops a New-Keynesian Dynamic Stochastic General Equilibrium (NKDSGE) Model for forecasting the growth rate of output, inflation, and the nominal short-term interest rate (91-days Treasury Bills rate) for the South African economy. The model is estimated via maximum likelihood...