Martínez-García, Enrique; Vilán, Diego; Wynne, Mark A. - In: DSGE models in macroeconomics : estimation, evaluation, …, (pp. 137-199). 2012
Open-Economy models are central to the discussion of the trade-offs monetary policy faces in an increasingly more globalized world (e.g., Marínez-García & Wynne, 2010), but bringing them to the data is not without its challenges. Controlling for misspecification bias, we trace the problem of...
