The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Comparing Shocks and Frictions in US and Euro Area Business Cycles: A Bayesian DSGE Approach
Open accessAbstract
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in the type of shocks that affect the two economies, differences in the propagation mechanism of those shocks or differences in the way the central bank responds to those economic developments. Our main conclusion is that each of those characteristics is remarkably similar across both currency areas.
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Cites
Discretion versus policy rules in practice
Taylor, J. B. (1993) · Carnegie-Rochester Conference Series on Public Policy · doi:10.1016/0167-2231(93)90009-l · Cited by 9,065
Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
Christiano, L. J., Eichenbaum, M., & Evans, C. L. (2005) · Journal of Political Economy · doi:10.1086/426038 · Cited by 6,238
Cited by
Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach
Smets, F., & Wouters, R. (2007) · SSRN Electronic Journal · doi:10.2139/ssrn.1687574 · Cited by 1,506
Self-citationBayesian estimation of an open economy DSGE model with incomplete pass-through
Adolfson, M., Laséen, S., Lindé, J., & Villani, M. (2007) · Journal of International Economics · doi:10.1016/j.jinteco.2007.01.003 · Cited by 849
Robustness of the estimates of the hybrid New Keynesian Phillips curve
Galí, J., Gertler, M., & David López-Salido, J. (2005) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2005.08.005 · Cited by 396
The dynamics of trade and competition
Chen, N., Imbs, J., & Scott, A. (2009) · Journal of International Economics · doi:10.1016/j.jinteco.2008.10.003 · Cited by 358
Metadata
- Authors
- Smets, F., & Wouters, R.
- Venue
- SSRN Electronic Journal
- Publisher
- Elsevier BV
- Published
- 2004
- ISSN
- 1556-5068 (ISSN-L)
- OpenAlex
- W2129676560
- Cited by
- 283
- References
- 2
- Type
- posted content
- Language
- en
- Open access
- green
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