Bašić Vasiljev, Tamara - In: Journal of Central Banking Theory and Practice 7 (2018) 1, pp. 145-173
We present a new-Keynesian model for small open economy, with price rigidities stemming from a Calvo pricing scheme (1983), monopolistic banking system, financial dollarization of the economy and monetary and fiscal policy governed by rules. We estimate the model on Serbian data and propose...