2006•Unpublished venueRequires access
Appendix To: Bayesian Estimation of an Open Economy Model with Incomplete Pass-Through
Malin Adolfson, Stefan Laséen, Jesper Lindé, Mattias Villani
Open publisher page 6 citations
Abstract
The open economy DSGE model of the euro area developed and estimated in Adolfson et al. (2005) assumes the absence of feedback effects from the rest of the world to the Euro area. This note sheds some light on the reasonableness of this simplifying assumption. It also provides information about convergence in our estimations.