A DSGE APPROACH TO THE ANALYSIS OF MONETARY POLICY AND BUSINESS CYCLES: EVIDENCE FROM SOME SELECTED COUNTRIES

Authors

  • AKINLO ANTHONY ENISAN Economics Department, Faculty of Social Sciences, Obafemi Awolowo University, Ile–Ife, Nigeria.
  • APANISILE OLUMUYIWA TOLULOPE Economics Department, Faculty of Social Sciences, Obafemi Awolowo University, Ile–Ife, Nigeria.

Keywords:

Monetary Policy, Business Cycles. DSGE, Anticipated, Unanticipated

Abstract

The study examines the role of monetary policy in influencing business cycles in Nigeria, Brazil, and China by estimating a small open sticky-price Dynamic Stochastic General Equilibrium (DSGE) model. The role of monetary policy is sub-divided into anticipated and unanticipated. Using quarterly data from 1986:1 to 2022:4, results show that monetary policy plays an active role in influencing business cycles in the selected countries. Furthermore, both anticipated and unanticipated monetary policies have impacts on macroeconomic variables’ volatility

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Published

2024-06-21

How to Cite

ENISAN , A. A., & TOLULOPE , A. O. (2024). A DSGE APPROACH TO THE ANALYSIS OF MONETARY POLICY AND BUSINESS CYCLES: EVIDENCE FROM SOME SELECTED COUNTRIES . JOURNAL OF ECONOMICS AND ALLIED RESEARCH, 9(1), 28–63. Retrieved from http://jearecons.com/index.php/jearecons/article/view/377

Issue

Vol. 9 No. 1 (2024): March, 2024

Section

Articles