This paper compares monetary policy effects in New-Keynesian models of small open and
closed economies fit to Canada. A monetary policy rule allows the central bank to …

This paper shows that the long-run variance can frequently be negative when computing
standard Diebold–Mariano-type tests for equal forecast accuracy and forecast …

This paper estimates a small open economy Dynamic Stochastic General Equilibrium
(DSGE) model for Pakistan using Bayesian simulation approach. Model setup is based on …

I develop a small open economy dynamic stochastic general equilibrium model to study
monetary policy and the business cycle in Taiwan. Several versions of the model with …

This research aims to estimate the indirect effects of Jordanian monetary policy (interest
rates on the one-night deposit window) on the following economic variables: inflation, output …

How important are collateral constraints for reproducing salient features of the data? To
address this question, we estimate two nested versions of a New Keynesian model: one with …

This paper evaluates the forecasting ability when inflation is viewed as an inherently global
phenomenon through the lens of the workhorse New Open Economy Macro (NOEM) model …

This paper develops an open economy dynamic stochastic general equilibrium (DSGE)
model based on New-Keynesian micro-foundations. Alongside standard features of …

En este trabajo se presentan simulaciones a partir de un Modelo de Equilibrio General
Dinámico Estocástico calibrado para la economía boliviana con el propósito de evaluar la …

Recent literature suggests that risk shocks–changes in the volatility of the cross-sectional
uncertainty on entrepreneurial asset returns–play an important role in explaining business …