The monetary policy of the State Bank of Vietnam, households and income distribution: the evidence from DSGE model
Trung Duc Nguyen,
Lanh Kim Trieu,
Anh Hoang Le
Abstract:Purpose
This paper aims to propose a dynamic stochastic general equilibrium (DSGE) model for the State Bank of Vietnam (SBV) to assess the response from the household sector to monetary policy shocks through the consumption function. Moreover, the transmission from monetary policy to household consumption and income distribution is experimented with through the vector autoregression (VAR) model.
Design/methodology/approach
In this study, the authors used the maximum likelihood estimation to estimate the DSGE… Show more
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