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In RDP 2010-07

Introduction
A Small Open Economy DSGE Model
Estimating the Small Open Economy Model
VAR Models with Simulated Data
Estimated Sign-restricted VAR – Actual Data
Conclusion
Appendix A: Sign Restriction Algorithm
Appendix B: Data Description and Sources
Appendix C: Supplementary Figures
References

RDP 2010-07: Monetary Policy and the Exchange Rate: Evaluation of VAR Models Appendix C: Supplementary Figures

Jarkko Jääskelä and David Jennings

September 2010

Download the Paper 335KB

Figure C1: Impulse Responses to a Demand Shock

Figure C2: Impulse Responses to a Productivity Shock

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