Cardiff Metropolitan University
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Evaluation of a DSGE Model of Energy in the United Kingdom Using Stationary Data

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journal contribution
posted on 2022-02-22, 16:44 authored by Nasir Aminu
I examine the impact of energy price shock (oil prices shock and gas prices shock) on the economic activities in the United Kingdom using a dynamic stochastic general equilibrium model with a New Keynesian Philips Curve. I decomposed the changes in output caused by all of the stationary structural shocks. I found that the fall in output during the financial crisis period is driven by domestic demand shock, energy prices shock and world demand shock. I found the energy prices shock’s contribution to fall in output is temporary. Such that, the UK can borrow against such a temporary fall. This estimated model can create additional input to the policymaker’s choice of models.


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Computational Economics




  • VoR (Version of Record)


Aminu, N. (2017) 'Evaluation of a DSGE Model of Energy in the United Kingdom Using Stationary Data', Computational Economics, 47, pp.1-36

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Cardiff Met Affiliation

  • Cardiff School of Management

Cardiff Met Authors

Nasir Aminu

Cardiff Met Research Centre/Group

  • Welsh Centre for Business and Management Research

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  • © The Authors


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