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, given symmetric efforts at rebalancing, the simulation suggests that for surplus countries that reduce their current account …
Persistent link: https://www.econbiz.de/10013118674
This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country-specific models include a Phillips curve determining inflation, an IS curve determining output, a Taylor Rule determining interest rates, and a real effective exchange rate...
Persistent link: https://www.econbiz.de/10008657123
, given symmetric efforts at rebalancing, the simulation suggests that for surplus countries that reduce their current account …
Persistent link: https://www.econbiz.de/10009349659
This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country-specific models include a Phillips curve determining inflation, an IS curve determining output, a Taylor Rule determining interest rates, and a real effective exchange rate...
Persistent link: https://www.econbiz.de/10003974674
This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country-specific models include a Phillips curve determining inflation, an IS curve determining output, a Taylor Rule determining interest rates, and a real effective exchange rate...
Persistent link: https://www.econbiz.de/10013094653
This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country-specific models include a Phillips curve determining inflation, an IS curve determining output, a Taylor Rule determining interest rates, and a real effective exchange rate...
Persistent link: https://www.econbiz.de/10013316169
output gap, the domestic interest rate and the exchange rate for Hungary during the period of the transition (1991-1999). The …
Persistent link: https://www.econbiz.de/10014122455
for Hungary during the period of the transition (1991-1999). The transmission of monetary policy impulses to macro …: disinflation policy, interest rate rules, transition economies, small open-economy macro models, estimation and simulation of …
Persistent link: https://www.econbiz.de/10014138380
application. -- Model Projection ; Simulation ; Central Banking ; Monetary Policy …
Persistent link: https://www.econbiz.de/10009715277
In this paper we investigate the possible effects of fiscal tightening in Hungary from two perspectives. First … their relevance for Hungary in a qualitative way. In our review of non-Keynesian channels of fiscal adjustments we conclude …
Persistent link: https://www.econbiz.de/10003347824