A compact open economy DSGE model for Switzerland

@inproceedings{Rudolf2014ACO,
  title={A compact open economy DSGE model for Switzerland},
  author={Barbara Rudolf and Mathias Zurlinden},
  year={2014}
}
This study describes a compact dynamic stochastic general equilibrium (DSGE) model fitted for the Swiss economy with Bayesian techniques. The model features two economies (small home economy, large foreign economy), five types of agents (households, producers of tradables, producers of non-tradables, retailers, monetary authority), nominal and real frictions, and a number of shocks. The study gives details on the specification and the estimation of the model. The evaluation is based on impulse… CONTINUE READING

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