This paper outlines the three-country New Keynesian Dynamic Stochastic General Equilibrium model of the National Bank of Belgium. The model is named BEMGIE for Belgian Economy in a Macro General and International Equilibrium model. It features imperfect market competition, standard real and nominal rigidities, local currency pricing, energy in consumption and oil and foreign inputs in production. The model is estimated using Bayesian econometric techn…
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NBB Working Paper, 2023, 435: BEMGIE: Belgian Economy in a Macro General and International Equilibrium model
Oorspronkelijke titel: BEMGIE: Belgian Economy in a Macro General and International Equilibrium model
Bron: nbb.be
17-03-2023
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