Simulation, estimation and welfare implications of monetary policies in a 3-country NOEM model
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KeywordsNew Keynesian open economy model; tradable and non-tradable sectors; final and intermediate goods; monetary policy rules; numerical simulations; Bayesian estimation; welfare implications;
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- 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
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2006-10-21 (All new papers)
- NEP-CBA-2006-10-21 (Central Banking)
- NEP-MAC-2006-10-21 (Macroeconomics)
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