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Small Open Economy Model

A small open economy model for Nigeria: a BVAR DSGE approach

A small open economy model for Nigeria: a BVAR DSGE approach

... analyzing open economy issues, this paper tilts toward the small open economy (SOE) ...SOE model or its simplification by Lubik and Schorfheide (2005) has become standard and ...

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Home Production and Small Open Economy Business Cycles

Home Production and Small Open Economy Business Cycles

... a small open economy model with home production and uses it to discuss how the presence of home production helps to explain the di¤er- ences between developed economies and emerging markets in ...

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Monetary Policy in a Small Open Economy with Non Separable Government Spending

Monetary Policy in a Small Open Economy with Non Separable Government Spending

... the model to a small open economy case complicates the problem for monetary policy to the extent that the authorities must additionally take into account how the exchange rate affects other ...

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Equity Premiums In Small Open Economy

Equity Premiums In Small Open Economy

... the model studied by Jermann 4 (1998), and to allow in this way the representative household to have a financial access to the foreign ...of small open economy model, with habit ...

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A small open economy modelling: A Bayesian DSGE approach

A small open economy modelling: A Bayesian DSGE approach

... the model fit, (ii) though there is evidence of the cost channel, its strength is not sufficient to reproduce the price puzzle, and (iii) the standard UIP condition is violated in Australia and the presented UIP ...

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Consumption Tax, Nontraded Goods and Welfare

Consumption Tax, Nontraded Goods and Welfare

... This paper studies the welfare effects of a consumption tax rise based on the two-sector small open economy model of Obstfeld and Rogoff (1995) and Lane (1997). The main findings of our ...

5

Commodity prices and labour market dynamics in small open economies

Commodity prices and labour market dynamics in small open economies

... a small open economy model with net commodity exports that features search and matching frictions in the labour market as proposed by Diamond (1982), Mortensen (1982), and Pissarides (1985) ...

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Transitional Dynamics of Disinflation in a Small Open Economy with Heterogeneous Agents

Transitional Dynamics of Disinflation in a Small Open Economy with Heterogeneous Agents

... in Economy 2, welfare gains of the earnings poor increases for low deposits ...stylized model of small open economy with heterogeneous agents upon the steady state comparisons in three ...

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Lower bounds of concentration in a small open economy

Lower bounds of concentration in a small open economy

... regression model for concentration (see ...the model is estimated separately for different types of industries without including R&D or advertising as explanatory ...the model as a stochastic ...

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Predictive performance of DSGE model for small open economy – the case study of Czech Republic

Predictive performance of DSGE model for small open economy – the case study of Czech Republic

... a model that reached a quality prediction performance for all the ...DSGE model, however, in predicting infl ation gives the best performance Bayesian VAR model Littermann’s priori ...DSGE ...

10

Growth, Residential Distribution, and Land Price in an Integrated Solow’s Growth and Alonso’s Residential Model

Growth, Residential Distribution, and Land Price in an Integrated Solow’s Growth and Alonso’s Residential Model

... a small-open ...the model integrates the Solow growth and Alonso residential distribution models with endogenous land ...spatial economy over time and ...the model is developed with ...

9

Output, Employment and Wages in a Small Open Economy

Output, Employment and Wages in a Small Open Economy

... If this implication seems to clash with experience of small open economies, it is worth noting, however, that in a dynamic, Harrod-Domar, version of such a model, the balance of trade de[r] ...

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A Small Open Economy DSGE Model for Pakistan

A Small Open Economy DSGE Model for Pakistan

... Pakistan economy on the lines of micro-founded new-Keynesian ...Pakistan economy, nonetheless, one may see four major publications with reference to large macroeconometric modeling: (i) Naqvi et ...

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Dynamic Analysis of Health Status in a Small Open Economy

Dynamic Analysis of Health Status in a Small Open Economy

... In developing countries with serious poverty, the health-related policies have a large im- pact not only on these countries’ aggregate health degrees but also their whole economies. Hence, in this paper, to give a ...

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Flexible and fixed target stabilisation in an open economy

Flexible and fixed target stabilisation in an open economy

... extremely small, the model may not be able to adequately forecast the future and the policy-maker will be severely limited in his ability to take account of ...

406

Infrastructure and Coffee Exports’ Fluctuations in a Small Open Economy: Case of Togolese Economy

Infrastructure and Coffee Exports’ Fluctuations in a Small Open Economy: Case of Togolese Economy

... ences in theoretical model and can identify, from an economic point of view, potential or saturation levels (according to the sign of the residue) exchanges. The interpretation of the modeling results is made ...

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Business cycles in a credit constrained small open economy

Business cycles in a credit constrained small open economy

... C alibrated to the Brazilian economy, the model successfully reproduces stylized facts of emerging economy business cycles. Credit shocks, either to the benchm ark risk-free interest rate or to the ...

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Economic Growth with Asset Bubbles in a Small Open Economy

Economic Growth with Asset Bubbles in a Small Open Economy

... a small open economy. If the economy has high financial fric- tion (low θ ) or low internal investment opportunity (low p ), the entrepreneur has a lot of residual ...this model fit the ...

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Indeterminacy in a dynamic small open economy with international migration

Indeterminacy in a dynamic small open economy with international migration

... dynamic small open economy version of the standard neoclassical exogenous growth model with international ...the model numerically by distinguishing three di¤erent scenarios depending ...

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Extortion and Informal Sector in a Small Open Economy

Extortion and Informal Sector in a Small Open Economy

... activities the return to N people goes down to zero. And on the other hand whether Z survives or not that crucially depends on how many people are involved in extortion activities or how much is paid for these ...

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