This paper reviews Bayesian methods that have been developed in recent years to estimate
and evaluate dynamic stochastic general equilibrium (DSGE) models. We consider the …

In this paper, we develop a dynamic stochastic general equilibrium (DSGE) model for an
open economy, and estimate it on Euro area data using Bayesian estimation techniques …

This paper develops a small-scale two-country model following the new open economy
macroeconomics paradigm. Under autarky, the model specializes to the familiar three …

This paper estimates and tests a new Keynesian small open economy model in the tradition
of Christiano et al.[2005. Nominal rigidities and the dynamic effects of a shock to monetary …

This paper demonstrates that an estimated, structural, small open-economy model of the
Canadian economy cannot account for the substantial influence of foreign-sourced …

This paper estimates exchange rate pass-through of six major industrial countries using a
time-varying parameter with stochastic volatility model. Exchange rate pass-through is …

Several theoretical contributions using two-country models have combined alternative forms
of pricing under nominal rigidities with different asset market structures to explain real …

This paper presents a two-country model linking Poland and the euro area and applies it for
assessment of heterogeneity across these two regions. Overall, our results can be seen as …

This paper reviews research carried out on exchange rates and monetary policy by central
banks that participated at the Autumn Meeting of Central Bank Economists on" Exchange …

This paper aims to evaluate whether frictions in credit markets are important for business
cycles in the United States and the euro area. I modify the DSGE financial accelerator model …