Lubik, Thomas A. (contributor); Teo, Wing Leong (contributor) - 2005
, Canada, New Zealand, Chile and
Mexico) using Bayesian methods3. Compared to calibrated DSGE models, the method used in this … and New Zealand, as well as
two developing small open economies, Mexico and Chile, are considered.4 All data are … Zealand and 1996:1 to 2003:4 for both Mexico and Chile. The output
series correspond to real GDP per civilian labor force for …