The paper presents the Bayesian estimation of a Dynamic General Equilibrium model for the Polish data. The structural parameters of the original model were calibrated and the model was used to in a context of accounting for the welfare cost of business cycles and investigating the monetary policy. This paper extends the previous analysis by applying the Bayesian methods to estimate all structural parameters and by illustrating the analysis with Polish data. Obtained results present the prior and posterior distributions of the parameters as well as parameters characterising shocks
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