Monetary Policy in a Small Open Economy Model: A DSGE-VAR Approach for Switzerland
Gregor Bäurle () and
Tobias Menz ()
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Gregor Bäurle: University of Bern
Tobias Menz: University of Bern and Study Center Gerzensee
Authors registered in the RePEc Author Service: Gregor Bäurle ()
No 08.03, Working Papers from Swiss National Bank, Study Center Gerzensee
Abstract:
We study the transmission of monetary shocks and monetary policy with a behavioral model, corrected for potential misspecification using the DSGE-VAR framework elaborated by DelNegro and Schorfheide (2004). In particular, we investigate if the central bank should react to movements in the nominal exchange rate. We contribute to the empirical literature as we use Swiss data, which is very rarely used in that context.
Pages: 56 pages
Date: 2008-11
New Economics Papers: this item is included in nep-cba, nep-dge, nep-eec, nep-mac, nep-mon and nep-opm
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Citations: View citations in EconPapers (12)
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