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Monetary policy trade-offs in an estimated open-economy DSGE model

✍ Scribed by Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; Svensson, Lars E.O.

Book ID
121683364
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
747 KB
Volume
42
Category
Article
ISSN
0165-1889

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✍ Jesper Lindé; Marianne Nessén; Ulf Söderström 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 558 KB

## 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