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Pakistan Economy DSGE Model with Informality-The Empirics of Calibration

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  • Ahmed, Waqas

Abstract

This paper serves as an empirics guide to the "Pakistan Economy DSGE Model with Informality" paper by Ahmed, et al. (2012) covering the empirical aspects regarding calibration of both the model and shocks related parameters. We have tried to focus as much as possible on micro level empirical data where ever possible in order to calibrate the parameters. We have made use of international literature for pinning down of certain parameters where the empirical and national literature exhausted.

Suggested Citation

  • Ahmed, Waqas, 2012. "Pakistan Economy DSGE Model with Informality-The Empirics of Calibration," MPRA Paper 53167, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:53167
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    File URL: https://mpra.ub.uni-muenchen.de/53167/1/MPRA_paper_53167.pdf
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    References listed on IDEAS

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    6. Waqas Ahmed & Adnan Haider & Javed Iqbal, 2012. "Estimation of Discount Factor ß and Coefficient of Relative Risk Aversion ? in Selected Countries," Working Papers id:5087, eSocialSciences.
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    11. Fagan, Gabriel & Messina, Julián, 2009. "Downward wage rigidity and optimal steady-state inflation," Working Paper Series 1048, European Central Bank.
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    Cited by:

    1. Adnan Haider & Musleh ud Din & Ejaz Ghani, 2012. "Monetary Policy, Informality and Business Cycle Fluctuations in a Developing Economy Vulnerable to External Shocks," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 51(4), pages 609-681.
    2. Shahid, Muhammad & Qayyum, Abdul & Shahid, Waseem, 2016. "Fiscal and Monetary Policy Interactions in Pakistan Using a Dynamic Stochastic General Equilibrium Framework," MPRA Paper 72595, University Library of Munich, Germany.
    3. Shahzada M. Naeem Nawaz & Ather Maqsood Ahmed, 2015. "New Keynesian Macroeconomic Model and Monetary Policy in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(1), pages 55-71.
    4. Ghiaie, Hamed & Auclair, Gregory & Noah Ndela Ntsama, Jean Frederic, 2019. "Macroeconomic and welfare effects of tax reforms in emerging economies: A case study of Morocco," Journal of Policy Modeling, Elsevier, vol. 41(4), pages 666-699.
    5. Madiha MUNIR & Saira TUFAIL & Ather Maqsood AHMED, 2023. "Financial Segmentation and Transmission of Monetary and Real Shocks : Implications for Consumption, Labour, and Credit Distribution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 101-119, October.
    6. Lahcen, Mohammed Ait, 2014. "DSGE models for developing economies: an application to Morocco," MPRA Paper 63404, University Library of Munich, Germany.

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    More about this item

    Keywords

    Calibration; Shock Process;

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • Z00 - Other Special Topics - - General - - - General

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