This paper develops a small open economy (SOE) dynamic stochastic general equilibrium (DSGE) model that helps to …, monetary policy, credit, primary commodity) shocks facing an emerging economy. We estimate the model with Bayesian methods …

This paper develops a small open economy (SOE) dynamic stochastic general equilibrium (DSGE) model that helps to …, monetary policy, credit, primary commodity) shocks facing an emerging economy. We estimate the model with Bayesian methods …

-economy dynamic stochastic general equilibrium (DSGE) models to generate substantial cross-country spillovers; see e.g. the seminal … paper of Justiniano and Preston (2010). We present a two-region DSGE model that better captures the dependence on global …

This paper describes the theoretical structure and estimation results for a DSGE model for the Macedonian economy … including financial frictions in the model. With the exchange rate not acting as a shock absorber, the external shocks are more … negative innovations to the consumption preference shock and to the permanent technology shock. …

Swedish economy before and during the Corona pandemic using a small open economy DSGE model with segmented asset markets. In …

oil and foreign inputs in production. The model is estimated using Bayesian econometric techniques on Belgian, euro area …