Meanwhile, Lubik and Schorfheide (2007) estimate a calibrated small-scale general equilibrium model for Australia, Canada, New Zealand and the UK using the Taylor Rule to examine the central banks’ response to output, inflation and exchange rates.
Meanwhile, Lubik and Schorfheide (2007) estimate a calibrated small-scale general equilibrium model for Australia, Canada, New Zealandand the UK using the Taylor Rule to examine the central banks’ response to output,inflation and exchange rates.