Bergholt, Drago - Centre for Applied Macro- and Petroleum economics … - 2014
this question, I develop and estimate a medium scale DSGE model for a small open economy. The model incorporates i … regularities in the small open economy, all attributed to international dis- turbances. First, foreign shocks are crucial for … these fea- tures have been accounted for in existing open economy DSGE literature, but all are consistent with reduced form …