English, Article, Journal or magazine article edition: Variantes en Univers Incertain. Adjemian, S.; Cahn, C.; Devulder, A.; ...

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Bookmark: http://trove.nla.gov.au/version/66395
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Variantes en Univers Incertain.
Author
  • Adjemian, S.
  • Cahn, C.
  • Devulder, A.
  • Maggiar, N.
Physical Description
  • preprint
Notes
  • In this paper, we try to illustrate the interest of the Bayesian approach for the evaluation of economic policies, often realised by analysing the response of the economy to a standard shock. We present a Stochastic Dynamic General Equilibrium model for the euro area. The Bayesian estimation gives a measure of the uncertainty on the parameters, from which we can derive the uncertainty of the responses to standard shocks. As an illustration, we simulate the effects of a fiscal shock (announced VAT increase).
  • DSGE, Euro zone, Nominal rigidities, Bayesian estimation.
  • RePEc:bfr:banfra:236
Language
  • English
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