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- W2557007054 abstract "In today's world there is interdependency between all economies. In particular, all of the economys are affected by fluctuations in oil prices. We have developed multiple regions dynamic stochastic general equilibrium model, which could be considered as the following development of the model of Obstfeld and Rogoff (2001) and its subsequent variants. In the model, some countries produce oil, while others are net importers of it. In each country domestic and foreign goods are consumed. For the production firms employ labor and oil as an energy resource. Price rigidity is modeled by applying the Calvo pricing. Model evaluation and analysis of the impact of internal and external shocks are carried out for the economy of Kazakhstan and its major trading partners." @default.
- W2557007054 created "2016-11-30" @default.
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- W2557007054 date "2015-01-01" @default.
- W2557007054 modified "2023-09-25" @default.
- W2557007054 title "Multiple Regions Dynamic Stochastic General Equilibrium Model with Oil Production" @default.
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