An Estimated DSGE Model of the Indian Economy.



Inflation Rate

1


Output

2


Consumption (Aggregate)

2    4    6    8    10


2    4    6    8    10


-1


Nominal Interest Rate


Real Wage


0


0.4

0.2

0


2    4    6    8    10


NK Model---NK Model with FA---2-sector NK Model

Figure 4: Estimated Impulse Responses to a Productivity Shock

Each panel plots the mean response corresponding a positive one standard deviation shock.
Each response is for a 10 quarters (2.5 years) horizon. All DSGE impulse responses are computed
simulating the vector of DSGE model parameters at the posterior mean values reported in Table 3.

47



More intriguing information

1. The name is absent
2. Artificial neural networks as models of stimulus control*
3. AN EMPIRICAL INVESTIGATION OF THE PRODUCTION EFFECTS OF ADOPTING GM SEED TECHNOLOGY: THE CASE OF FARMERS IN ARGENTINA
4. Epistemology and conceptual resources for the development of learning technologies
5. Une Gestion des ressources humaines à l'interface des organisations : vers une GRH territoriale ?
6. NATIONAL PERSPECTIVE
7. The name is absent
8. Three Policies to Improve Productivity Growth in Canada
9. The name is absent
10. The name is absent