open economy model for Russia, featuring an oil price sector and extended by a specification of the foreign exchange market … to correctly account for systematic central bank interventions. We find that shocks to the oil price and private capital … intervention-based policy strategies to target the nominal exchange rate or the ruble price of oil, on the other hand, prove …

This paper attempts to identify the effects of monetary policy shock on output and price level in Thailand during 2005Q … employed to identify the monetary policy shock. To enhance the precision of the model specification, the short-run restrictions … simultaneously with each other. The results from the analysis of the structural model reveal that a shock to monetary policy drives …

DSGE-Modelle; Geldpolitik; Fiskalpolitik; Markov-Regimewechsel; Inflationssteuerung; Wechselkurspolitik; Ölpreisschock …DSGE models; monetary policy; fiscal policy; Markov switching; inflation targeting; exchange rate policy; oil price … shock; stimulus package; Great Recession …