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 …

In a New Keynesian DSGE model with labor market frictions and liquidityconstrained consumers aggregate unemployment is … likely to increase due to a non-persistent government spending shock. Furthermore, the group of asset-holding households …

We propose a method to incorporate information from Dynamic Stochastic General Equilibrium (DSGE) models into Dynamic … DSGE model. In contrast to standard Dynamic Factor Analysis, a direct economic interpretation of the factors is given. We … evaluate the forecast performance of the model with respect to the amount of information from the DSGE model included in the …

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 …