endogenous commodity production. There are five exogenous processes: a country-specific interest rate shock that responds to … commodity price fluctuations, a productivity (TFP) shock for each sector and a commodity price shock. Both TFP and commodity …

that this need not to hold. This paper introduces price bargaining into an otherwise standard New Keynesian DSGE model and …

This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country … restrictions implied by the NK theory. The multi-country DSGE NK model is then solved to provide estimates of identified supply … through error spillover effects. Bootstrapped error bands are also provided for the cross country responses of a shock to the …