Energy Price Shocks in Dynamic Stochastic General Equilibrium: The Case of Bangladesh

Amin, S.B.; Marsiliani, L.

Energy Price Shocks in Dynamic Stochastic General Equilibrium: The Case of Bangladesh

Amin, S.B.; Marsiliani, L.

Authors

S.B. Amin

Professor Laura Marsiliani laura.marsiliani@durham.ac.uk
Professor

Abstract

We investigate the role of energy price shocks on business cycle fl uctuations in Bangladesh. In doing so, we calibrate a Dynamic Stochastic General Equilibrium (DSGE) model, allowing for both energy consumption by households and as an input in production. We fi nd that qualitatively temporary energy price shocks and technology shocks produce similar impulse response functions, as well as similar (quantitatively) autocorrelations in aggregate quantities. The variance in aggregate quantities are better explained by technology shocks than by energy price shocks, suggesting that technology shocks are more important source of fl uctuations in Bangladesh.

Citation

Amin, S., & Marsiliani, L. (2015). Energy Price Shocks in Dynamic Stochastic General Equilibrium: The Case of Bangladesh. Review of business and economics studies, 3(4), 12-21

Journal Article Type	Article
Acceptance Date	Dec 27, 2015
Publication Date	Dec 1, 2015
Deposit Date	Dec 1, 2015
Publicly Available Date	Dec 4, 2015
Journal	Nadiinist' Instumentu ta Optymizatsiya Tekhnolohichnykh System
Print ISSN	2308-944X
Electronic ISSN	2311-0279
Publisher	Financial University under the Government of Russian Federation
Peer Reviewed	Peer Reviewed
Volume	3
Issue	4
Pages	12-21
Public URL	https://durham-repository.worktribe.com/output/1397016
Publisher URL	http://www.robes.fa.ru/index.html