Karmelavičius, Jaunius - In: Mokslo darbai / Vilniaus Universitetas 100 (2021) 2, pp. 6-39
Following the financial crisis of 2009 there was an emergence of macroprudential policy tools, as well as a need to model the macroeconomy and the financial sector in a coherent framework. This paper develops and calibrates a small open economy DSGE model for Lithuania to shed some light on the...