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A Microfounded Sectoral Model for Open Economies

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Author Info
Plasmans, J.E.J.
Fornero, J.
Michalak, T. (Tilburg University, Center for Economic Research)

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Abstract

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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Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2007-39.

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Date of creation: 2007
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Handle: RePEc:dgr:kubcen:200739

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Find related papers by JEL classification:
E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
D21 - Microeconomics - - Production and Organizations - - - Firm Behavior
F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation

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