This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country … 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 …

. Consistent with the predictions from our hypothesis we find: Monetary policy shock estimates obtained from New Keynesian DSGE … hypothesise that New Keynesian DSGE models that do not feature powerful financial spillover channels confound the effects of … data on monetary policy shock estimates for 29 economies obtained from more than 280 monetary models in the literature …

We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro … intermediation turns an otherwise diversifiable source of idiosyncratic economic uncertainty, the 'risk shock', into a systemic force …. - DSGE model ; Financial frictions ; Financial shocks ; Bayesian estimation ; Lending channel ; Funding channel …

Stochastic General Equilibrium (DSGE) model. In the Taylor price setting model, we introduce firm-specific production factors and …

confidence by estimating structural (DSGE) models. - Lucas critique ; structural VARs ; policy counterfactuals ; DSGE models …