An Estimated Dynamic Stochastic General Equilibrium Model of the Jordanian Economy /

This paper presents and estimates a small open economy dynamic stochastic general-equilibrium model (DSGE) for the Jordanian economy. The model features nominal and real rigidities, imperfect competition and habit formation in the consumer's utility function. Oil imports are explicitly modeled...

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Bibliographic Details
Main Author: Poghosyan, Tigran
Other Authors: Beidas-Strom, Samya
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/028
Online Access:Full text available on IMF