-type staggered price setting approach, which means that the adjustment of the aggregate loan rate to a monetary policy shock is …

-specific foreign output variable to capture direct inter-country linkages. In accord with the theory all variables are measured as … restrictions implied by the NK theory. The multi-country DSGE NK model is then solved to provide estimates of identified supply … through error spillover effects. Bootstrapped error bands are also provided for the cross country responses of a shock to the …

explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New …

milder macroeconomic responses to a monetary policy shock estimated with our VAR in presence of high uncertainty. A version …

. For the researcher using Bayesian methods, a lack of identification may not be evident since the posterior of a parameter … the priors assumed on the structural parameters are independent. We suggest two Bayesian identification indicators that do …