𝔖 Bobbio Scriptorium
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ESTIMATED SMALL OPEN ECONOMY MODEL WITH FRICTIONAL UNEMPLOYMENT

✍ Scribed by JULIEN ALBERTINI; GÜNEŞ KAMBER; MICHAEL KIRKER


Book ID
115232964
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
522 KB
Volume
17
Category
Article
ISSN
1361-374X

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## Abstract We develop a structural model of a small open economy with gradual exchange rate pass‐through and endogenous inertia in inflation and output. We then estimate the model by matching the implied impulse responses with those obtained from a VAR model estimated on Swedish data. Although our