Papers presented at the Central Bank Workshop on Macroeeconomic Modelling 2007

 pdf-files

Session 1-1
Housing Market Spillovers: Evidence from an Estimated DSGE Model by Matteo Iacoviello and Stefano Neri (450 kB)

Session 1-2
An Estimated Open-Economy General Equilibrium Model with Housing Investment and Financial Frictionsby Ian Christensen, Paul Corrigan, Caterina Mendicino and Shin-Ichi Nishiyama (827 kB)

Session 2a-1
ARGEM: a DSGE model with Banks and Monetary Policy Regimes with two Feedback Rules, calibrated for Argentina by Guillermo J. Escudé (737 kB)

Session 2b-1
An Estimated New-Keynesian Model for Israel by Eyal Argov and David Elkayam (1 Mb)

Session 2b-2
An Estimated DSGE Model of the Hungarian Economy by Zoltán M. Jakab and Balázs Világi (533 kB)

Session 3-1
A Structural Decomposition of the US Yield Curveby Ferre De Graeve, Marina Emiris and Raf Wouters (519 kB)

Session 4-1
Expectation Driven Business Cycles with Limited Enforcement by Karl Walentin (516 kB)

Session 4-2
Credit and the Natural Rate of Interest by Fiorella De Fiore and Oreste Tristani (252 kB)

Session 5a-1
Copper Price, Fiscal Policy and Business Cycle in Chile by Juan Pablo Medina and Claudio Soto (477 kB)

Session 5a-2
Estimating the Degree of Fiscal Dominance in a General Equilibrium Framework with Sticky Prices by Carlos De Resende and Nooman Rebei (1Mb)

Session 5b-1
Monopolistic Banks and Fixed Rate Contracts: Implications for Open Economy Inflation Targeting by Jaromír Benes and Kirdan Lees (335 kB)

Session 6-1
Conditional versus Unconditional Forecasting with the New Area-Wide Model of the Euro Area by Kai Christoffel, Günter Coenen and Anders Warne (508 kB)

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