Original title: Měnové politika v zemi exportující ropu s šedou ekonomikou: analýza Iráku optikou DSGE modelu
Translated title: Monetary policy of oil-exporting countries with informality: a DSGE analysis of Iraq
Authors: Safar, Nour ; Holub, Tomáš (advisor) ; Dědek, Oldřich (referee)
Document type: Master’s theses
Year: 2023
Language: eng
Abstract: The thesis investigates the efficiency of monetary policy using the New Keynesian Dynamic Stochastic General Equilibrium (NKDSGE) model in an economy reliant on oil exports and a large informal sector. The model is calibrated for the Iraq case to capture macroeconomic variables' responses to oil price shocks. The study aims to explore the impact of the shock on macroeconomic variables in the presence of the informal sector and how responses might change assuming a small informal sector. The model shows that the informal economy increases home prices and inflation, but the model does not reveal a Dutch disease. The study concludes that monetary policy, represented by the Taylor rule, is an inefficient tool for affecting macroeconomic variables.
Keywords: DSGE; Informality in Iraq; Monetary policy in Iraq

Institution: Charles University Faculties (theses) (web)
Document availability information: Available in the Charles University Digital Repository.
Original record: http://hdl.handle.net/20.500.11956/185727

Permalink: http://www.nusl.cz/ntk/nusl-535135


The record appears in these collections:
Universities and colleges > Public universities > Charles University > Charles University Faculties (theses)
Academic theses (ETDs) > Master’s theses