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Stabilization policies in open economies with imperfect current information

✍ Scribed by Bo Sandemann Rasmussen

Book ID
116116456
Publisher
Elsevier Science
Year
1988
Tongue
English
Weight
961 KB
Volume
7
Category
Article
ISSN
0261-5606

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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