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A Bayesian Estimation of A Small Structural Model for The Albanian Economy

Production date: 25.08.2011
Printed on: 25.08.2011
Author: Elona Dushku Vasilika Kota
 

Material category

Not Periodic Publications, Working Papers
 

Short Description

In this paper the authors develop a small Structural model for the Albanian economy and estimate it using Bayesian estimation techniques. The model captures the essential of small, open, flexible exchange rate economy linkages between the policy instrument (repo rate) and the main macroeconomic variables of output, inflation, exchange rate and unemployment.

Entire document (1.28 MB)

 
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