@techreport{0fa43989a96a4c1786deec95be139e98,
title = "A Microfounded Sectoral Model for Open Economies",
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.",
keywords = "New Keynesian open economy model, tradable and non-tradable sectors, final and intermediate goods, log-linearization",
author = "J.E.J. Plasmans and J. Fornero and T. Michalak",
note = "Pagination: 61",
year = "2007",
language = "English",
volume = "2007-39",
series = "CentER Discussion Paper",
publisher = "Macroeconomics",
type = "WorkingPaper",
institution = "Macroeconomics",
}