Funke, Michael; Paetz, Michael; Pytlarczyk, Ernest - In: Economic Modelling 28 (2011) 1-2, pp. 316-334
This paper develops and estimates an open-economy dynamic stochastic general equilibrium (DSGE) model of the Hong Kong economy. The model features short-run price rigidities generated by monopolistic competition and staggered reoptimization. We devote special attention to asset prices and wealth...
