The Analysis of Inflationary Shock Results for Polish Economy with the Usage of DSGE Model

The Analysis of Inflationary Shock Results for Polish Economy with the Usage of DSGE Model

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The purpose of study was to analyze a reaction of polish economy for inflationary shock.Study concerned Polish economy from 1998 to 2013.A New Keynesian read more DSGE model for closed economy was employed.Different levels of autoregression of shocks were also checked.

Reaction of variables was illustrated with a usage of impulse response functions (IRF).Results show that as level of autocorrelation of here inflationary shock rises, the magnitude and time of returning to steady-state increases.