ENERGY PRICE SHOCKS IN DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM: THE CASE OF BANGLADESH
Abstract
We investigate the role of energy price shocks on business cycle fluctuations in Bangladesh. In doing so, we calibrate a Dynamic Stochastic General Equilibrium (DSGE) model, allowing for both energy consumptionby households and as an input in production. We find that qualitatively temporary energy price shocks andtechnology shocks produce similar impulse response functions, as well as similar (quantitatively) auto-correlations in aggregate quantities. The variance in aggregate quantities are better explained by technologyshocks than by energy price shocks, suggesting that technology shocks are more important source of fluctuationsin Bangladesh.
About the Authors
S. Amin
North South University
Russian Federation
Russian Federation
L. Marsiliani
Durham University Business School
Russian Federation
Russian Federation
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Review
For citations:
Amin S., Marsiliani L. ENERGY PRICE SHOCKS IN DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM: THE CASE OF BANGLADESH. Review of Business and Economics Studies. 2015;3(4):12-21. (In Russ.)
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