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We analyse nominal exchange rate and price dynamics after risk premium shocks with short-term interest rates constrained by the zero lower bound (ZLB). In a small-open-economy DSGE model, temporary risk premium shocks lead to shifts of the exchange rate and the price level if a central bank...
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projections from central banks in three small open economies; New Zealand, Norway, and Sweden, and analyze if revisions to these …
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projections from central banks in three small open economies; New Zealand, Norway, and Sweden, and analyze if revisions to these …
Persistent link: https://www.econbiz.de/10012965225
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