The Monetary Transmission Mechanism for a Small Open Economy in a Monetary Union

Bernardino Adao ()

Working Papers from Banco de Portugal, Economics and Research Department

Abstract: This paper develops a model of a small open economy integrated in a monetary union. The model incorporates the standard nominal and real frictions in the literature. The parameters of the model are calibrated to the Portuguese data and the effects of the standard monetary policy shock are studied.

JEL-codes: E21 E22 E32 E42 E61 F41 F42 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ptu:wpaper:w200903

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