G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4643
DP4643 Innovative (Imitative) Effort and Tariffs in Developing Countries: Policy Implications of Different Market Conducts, Government Commitment Levels, and Information (A)symmetries
Kresimir Zigic; Delia Ionascu
发表日期2004-09-23
出版年2004
语种英语
摘要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 model is highly stylized it captures very well the responses of output, domestic and imported inflation, the interest rate, and the real exchange rate. In order to account for the observed persistence in the real exchange rate and the large deviations from UIP, however, we need a large and volatile premium on foreign exchange.
主题International Macroeconomics
关键词Structural open-economy model New open-economy macroeconomics Estimation Calibration
URLhttps://cepr.org/publications/dp4643
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/533563
推荐引用方式
GB/T 7714
Kresimir Zigic,Delia Ionascu. DP4643 Innovative (Imitative) Effort and Tariffs in Developing Countries: Policy Implications of Different Market Conducts, Government Commitment Levels, and Information (A)symmetries. 2004.
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