Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/60936
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dc.contributor.authorDel Negro, Marcoen_US
dc.contributor.authorSchorfheide, Franken_US
dc.date.accessioned2010-04-21en_US
dc.date.accessioned2012-08-17T14:37:57Z-
dc.date.available2012-08-17T14:37:57Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/60936-
dc.description.abstractThis paper estimates a small open-economy dynamic stochastic general equilibrium (DSGE) model, specified along the lines of Galí and Monacelli (2005) and Lubik and Schorfheide (2007), using Chilean data for the full inflation-targeting period of 1999 to 2007. We study the specification of the policy rule followed by the Central Bank of Chile, the dynamic response of inflation to domestic and external shocks, and the change in these dynamics under different policy parameters. We use the DSGE-VAR methodology from our earlier work (2007) to assess the robustness of the conclusion to the presence of model misspecification.en_US
dc.language.isoengen_US
dc.publisher|aFederal Reserve Bank of New York |cNew York, NYen_US
dc.relation.ispartofseries|aStaff Report, Federal Reserve Bank of New York |x329en_US
dc.subject.jelC11en_US
dc.subject.jelC32en_US
dc.subject.jelE52en_US
dc.subject.jelF41en_US
dc.subject.ddc330en_US
dc.subject.keywordBayesian analysisen_US
dc.subject.keywordsmall open-economy DSGE modelsen_US
dc.subject.keywordmodel misspecificationen_US
dc.subject.stwInflationsübertragungen_US
dc.subject.stwInflation Targetingen_US
dc.subject.stwKleines-offenes-Landen_US
dc.subject.stwDynamisches Gleichgewichten_US
dc.subject.stwChileen_US
dc.titleInflation dynamics in a small open-economy model under inflation targeting: Some evidence from Chileen_US
dc.typeWorking Paperen_US
dc.identifier.ppn587545593en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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