Abstract
This paper develops a model of a small open economy integrated in a monetary union, which is a nontrivial technical extension of the existing small open economy model. The model is used to study the monetary transmission mechanism in Portugal.
| Original language | English |
|---|---|
| Pages (from-to) | 195-209 |
| Number of pages | 15 |
| Journal | Portuguese Economic Journal |
| Volume | 9 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Dec 2010 |
| Externally published | Yes |
Keywords
- Impulse response function
- Local determinacy
- Monetary transmission mechanism
- Monetary union
- Small open economy