A small open economy modelling: A Bayesian DSGE approach
Examining the business cycle and the monetary transmission mechanism in a small open economy based on the macroeconomic models is vital for successfully implementing forward-looking and counter-cyclical macroeconomic policies. In the context, this thesis focuses on the importance of various modelling implications (i.e., frictions and shocks) in developing empirically viable small open economy dynamic stochastic general equilibrium (DSGE) models. The thesis...[Show more]
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