A Microfounded Sectoral Model for Open Economies

Numerical simulations of the two-country sectoral model are provided for a relatively large number of structural shocks as domestic and foreign productivity shocks in final tradables and non-tradables, money demand shocks and a shock in the exchange rate. Such a model is well suited for monetary policy analysis at the international level and risk analysis.

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Year of publication:	2007
Authors:	Plasmans, J.E.J. ; Fornero, J. ; Michalak, T.
Institutions:	Tilburg University, Center for Economic Research
Subject:	New Keynesian open economy model \| tradable and non-tradable sectors \| final and intermediate goods \| log-linearization

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Extent:	application/pdf
Series:	Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series CentER Discussion Paper Number 2007-39
Classification:	E31 - Price Level; Inflation; Deflation ; D21 - Firm Behavior ; F41 - Open Economy Macroeconomics ; P24 - National Income, Product, and Expenditure; Money; Inflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011091596