@ARTICLE{26543120_106318355_2013, 
	author = {Andrej Polbin}, 
	keywords = {, dynamic stochastic general equilibrium models, small open economy, business cyclesoil prices},
	title = {Development of a Dynamic Stochastic General Equilibrium Model for an Economy with High Dependence on Oil Export},
	journal = {HSE Economic Journal },
	year = {2013},
	volume = {17},
	number = {2},
	pages = {347-387},
	url = {https://ej.hse.ru/en/2013-17-2/106318355.html},
	publisher = {},
	abstract = {This paper describes a dynamic stochastic general equilibrium (DSGE) model for a small open economy with high dependence on oil export. Model consists of three production sectors: tradable and non-tradable sectors and oil extraction sector. Oil is exported and is used as an intermediate input in tradable and non-tradable sectors. The model also assumes the existence of nominal and real rigidities commonly used in the literature: sticky nominal prices and wages, habits in consumption, costs of adjusting the capital stock and costs of adjusting the utilization rate of the capital. As a practical application of the calibrated model we analyze the effect of oil price shocks.},
	annote = {This paper describes a dynamic stochastic general equilibrium (DSGE) model for a small open economy with high dependence on oil export. Model consists of three production sectors: tradable and non-tradable sectors and oil extraction sector. Oil is exported and is used as an intermediate input in tradable and non-tradable sectors. The model also assumes the existence of nominal and real rigidities commonly used in the literature: sticky nominal prices and wages, habits in consumption, costs of adjusting the capital stock and costs of adjusting the utilization rate of the capital. As a practical application of the calibrated model we analyze the effect of oil price shocks.}
}