the model using Bayesian techniques on Swedish data. Our main results are: i) A financial shock to entrepreneurial wealth … and GDP. ii) The marginal efficiency of investment shock has very limited importance when we match financial market data …. iii) Our model does not need any high frequency wage markup shocks to match the data. Furthermore, the labor supply shock …

misspecification using the DSGE-VAR framework elaborated by DelNegro and Schorfheide (2004). In particular, we investigate if the …

transmission mechanism in Slovakia. Subject to various sensitivity checks, we find that contractionary monetary policy shock has a … policy shock on Slovak prices is more powerful than that of the National Bank of Slovakia. Slovak central bank interest rate …

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 …

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. …

reinforces the initial shock, increasing financial imbalances. …

We analyze the interaction between monetary policy in the US and the global economy proposing a new class of Bayesian … find that a contractionary US monetary policy shock leads to a persistent fall in international output, a drop in global … negative shock to foreign real GDP growth. …

integrate the model into a medium sized DSGE model with capital and show that the resulting model does as well as existing …