Monetary Policy in a Small Open Economy Model: A DSGE-VAR Approach for Switzerland

We study the transmission of monetary shocks and monetary policy with a behavioral model, corrected for potential misspecification using the DSGE-VAR framework elaborated by DelNegro and Schorfheide (2004). In particular, we investigate if the central bank should react to movements in the nominal exchange rate. We contribute to the empirical literature as we use Swiss data, which is very rarely used in that context.

MoreLess

Year of publication:	2008-11
Authors:	Bäurle, Gregor ; Menz, Tobias
Institutions:	Swiss National Bank, Study Center Gerzensee

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The price is Free Number 08.03 56 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005465180