We estimate a small-scale, structural general equilibrium model of a small open economy
using Bayesian methods. Our main focus is the conduct of monetary policy in Australia …

This paper develops a small-scale two-country model following the new open economy
macroeconomics paradigm. Under autarky, the model specializes to the familiar three …

This paper explores optimal policy design in an estimated model of three small open
economies: Australia, Canada and New Zealand. Within a class of generalized Taylor rules …

This paper analyses the implications of imperfect exchange rate pass-through for optimal
monetary policy in a linearised open-economy dynamic general equilibrium model …

This paper demonstrates that an estimated, structural, small open-economy model of the
Canadian economy cannot account for the substantial influence of foreign-sourced …

In the last few decades, there have been a num-ber of important developments, both
theoretical and empirical, in open economy macroeconomics and exchange rate economics …

This paper advances the New Open Economy Macroeconomic literature in an empirical
direction, estimating and testing a two-country model. Fit to US and G7 data, the model …

We contribute to the literature on international risk spillovers by develo** a unified
framework based on spatial econometrics that enables us to address the following …

This paper explores one way to extend the New Open Economy Macroeconomics in an
empirical direction. Adapting maximum likelihood procedures, it estimates and tests an …

In this paper we introduce an overlap** generations structure of the Blanchard (J. Polit.
Econ. 93 (1985) 121) type in a New Open Economy Macroeconomics (NOEM) model. This …