We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi Arabia and the United Kingdom. After accounting for country-specific fiscal and monetary sectors, we estimate their key policy and structural parameters. Our findings suggest...

In this paper, we re-investigate the effects of oil price and its uncertainty on China's macroeconomic activities using a monthly generalized VAR model with stochastic volatility in mean, named interactive VAR-SV-in-mean model, which allows for interactions amongst variables' levels and...