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Bayesian Estimation of a DSGE Model and Convergence Dynamics Analysis for Central Europe Transition Economies

By Tareq Sadeq Y and Université D’evry Val D’essonne


This paper studies a dynamic stochastic general equilibrium model for a small open economy with two types of consumption goods (home produced goods and imported goods) and two types of production goods (home goods and export goods). The objective is to analyze the convergence issues, with respect to the EU-15, of the Central Europe countries

Year: 2008
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