Evaluating an estimated New Keynesian small open economy model

DOI10.1016/J.JEDC.2007.09.012MaRDI QIDQ844756zbMATH OpenOpenAlexFDO

Authors Malin Adolfson, Stefan Laséen, Jesper Lindé, Mattias Villani

Publication date 19 January 2010

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://www.riksbank.se/upload/Dokument_riksbank/Kat_foa/2007/wp_203.pdf

zbMATH Keywords

Bayesian inferenceVARDSGEopen economyVECM

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

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Cites work

• A linear algebraic procedure for solving linear perfect foresight models
• Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
• Forecasting Performance of an Open Economy DSGE Model
• Monetary regime change and business cycles

Cited in

(18)

• Euro-dollar real exchange rate dynamics in an estimated two-country model: an assessment
• Foreign exchange intervention and inflation targeting: the role of credibility
• An estimated stochastic general equilibrium model with partial dollarization: a Bayesian approach
• Bayesian forecasting with small and medium scale factor-augmented vector autoregressive DSGE models
• scientific article; zbMATH DE number 6440894 (Why is no real title available?)
• Foreign and domestic uncertainty shocks in four open economies
• Optimal price setting and inflation inertia in a rational expectations model
• Evaluating the forecasting power of an open-economy DSGE model when estimated in a data-rich environment
• Introducing financial frictions and unemployment into a small open economy model
• The New Keynesian Phillips curve and staggered price and wage determination in a model with firm-specific labor
• Forecasting with a DSGE Model of a Small Open Economy within the Monetary Union
• Monetary policy trade-offs in an estimated open-economy DSGE model
• Bayesian estimation of NOEM models: identification and inference in small samples
• Combining VAR and DSGE forecast densities
• Estimating point and density forecasts for the US economy with a factor-augmented vector autoregressive DSGE model
• The quantitative importance of the expenditure-switching effect
• Reducing global imbalances: can fixed exchange rates and current account limits help?
• Targeting rules for an open economy

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