Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128054
Authors: 
Bäurle, Gregor
Menz, Tobias
Year of Publication: 
2008
Series/Report no.: 
Working Paper, Study Center Gerzensee 08.03
Abstract: 
We study the transmission of monetary shocks and monetary policy with a behavioral model, corrected for potential misspecification using the DSGE-VAR framework elaborated by DelNegro and Schorfheide (2004). In particular, we investigate if the central bank should react to movements in the nominal exchange rate. We contribute to the empirical literature as we use Swiss data, which is very rarely used in that context.
Subjects: 
Bayesian Analysis
DSGE-VAR
Small Open Economy
Optimal Policy
JEL: 
C11
C32
E58
Document Type: 
Working Paper

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