Simulation, estimation and welfare implications of monetary policies in a 3-country NOEM model | nbb.be

October 2006

Plasmans, J. / Michalak, T. / Fornero, J.

Working Paper N° 94

JEL classification:

Keywords:

New Keynesian open economy model

tradable and non-tradable sectors

final and intermediate goods

monetary policy rules

numerical simulations

Bayesian estimation

welfare implications

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