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  1. 1 Przegląd Statystyczny

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  1. 1 Dintcheva-Bis D.

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  1. 1 2006

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CALIBRATION OF SOME PARAMETERS AND VARIABLES IN THE DYNAMIC GENERAL EQUILIBRIUM MODEL OF POLISH ECONOMY

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Dintcheva-Bis D.
Przegląd Statystyczny
|
2006
|
vol. 53
|
issue 4
102-121
EN
The model described in earlier papers is applied to approximate the Polish economy by calibration of the parameter's and variable's values reflecting mainly the situation in the base-year 2000. The calibration method applies not only benchmark dataset but also the previous theoretical analysis of the equilibrium state. The results of two types of deterministic simulation experiments are presented in the paper. The simulation results confirm the usefulness of the constructed forty-two equation model for analyzing the effects of changes in relative prices
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