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The paper shows some new features implemented in SoePL-2012 DSGE model, namely explicitly modeled unobserved labour supply and observed unemployment rate. Our approach to labour market in the New Keynesian DSGE model follows papers of Galí et al. (2011); Galí (2011b), see also Christiano et...
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assuming inattentiveness- namely sticky information and imperfect information data revision. Using a Bayesian estimation …
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economies, we find that the main driver of consumer price inflation is the global demand shock. A negative global demand shock …
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inflation expectations. We develop this measure using assumptions common in economic analysis of open economies. Using quarterly …
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