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.
|Place of Publication||Tilburg|
|Number of pages||61|
|Publication status||Published - 2007|
|Name||CentER Discussion Paper|
- New Keynesian open economy model
- tradable and non-tradable sectors
- final and intermediate goods