Now showing items 6-7 of 7

    • Productivity and Preferences in a Small Open Economy 

      Chadha, Jagjit S.; Janssen, N.; Nolan, Charles (Faculty of Economics, 2004-06-16)
      Following Hall (1997) it is increasingly common to incorporate preference, as well as productivity, perturbations in calibrated general equilibrium models. We assess the performance of a small open economy stochastic ...
    • Supply Shocks and the "Natural Rate of Interest": an Exploration 

      Chadha, Jagjit S.; Nolan, Charles (Faculty of Economics, 2004-06-16)
      We develop two variants of an open economy general equilibrium model employing Blanchard-Yaari life overlapping generations, which are shown to capture a number of important aspects of the UK economic cycle. We analyse the ...