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DSGE · Subgroup

Open-economy extensions

The small open-economy New Keynesian extension -- adds an exchange rate, terms of trade, and an external block on top of the closed-economy NK core.

ReferenceStructure referenceDSGE familyDSGE family All models Models help

What this subgroup is

The open-economy extensions lane in the DSGE family

The small open-economy New Keynesian extension -- adds an exchange rate, terms of trade, and an external block on top of the closed-economy NK core.

ReferenceStructure reference

When to use it

When to reach for open-economy extensions

Reach for the open-economy extension when the question is about pass-through, exchange rate dynamics, terms of trade, or how a small economy absorbs external shocks under nominal rigidities.

Routes currently covered

Open-economy extensions routes

Each route below is a DSGE model reference page with overview, graph, proof, and comparison material.

Open-economy extensionsReferenceStructure reference

Small-open-economy NK

Adds exchange rates, external demand, and imported inflation to the sticky-price policy core.

Open Small-open-economy NK reference

Reference coverage

Coverage for this subgroup

1 route linked in this subgroup's DSGE reference coverage.

Currently covers one route: the small open-economy NK extension. The structural reference page documents the exchange-rate and external-block additions.

How this subgroup differs

How open-economy extensions sits next to other DSGE subgroups

Open-economy extensions is grouped separately from sticky-price core, financial frictions because the structural assumptions, frictions, or household structure are meaningfully different, not because the models are unrelated. The cross-links below let you hop sideways without losing the DSGE frame.

Back to the DSGE family

Browse the full DSGE family

The DSGE family page lists every route in the explorer, including the ones that sit in other subgroups.

Open DSGE family

Macro by Mark

Unlock Full Macro Model Library with Starter.

This feature is exclusively available to Starter, Research, and Pro. Upgrade when you need this workflow, review pricing, or send a question before changing plans.

Upgrade to Starter View pricing Questions?Already subscribed? Sign in

What you keep on Free

Create and edit one custom board
Use up to 3 widgets on each Free board
Browse indicators and calendar

DSGE · Subgroup

Open-economy extensions

The small open-economy New Keynesian extension -- adds an exchange rate, terms of trade, and an external block on top of the closed-economy NK core.

ReferenceStructure referenceDSGE familyDSGE family All models Models help

What this subgroup is

The open-economy extensions lane in the DSGE family

The small open-economy New Keynesian extension -- adds an exchange rate, terms of trade, and an external block on top of the closed-economy NK core.

ReferenceStructure reference

When to use it

When to reach for open-economy extensions

Reach for the open-economy extension when the question is about pass-through, exchange rate dynamics, terms of trade, or how a small economy absorbs external shocks under nominal rigidities.

Routes currently covered

Open-economy extensions routes

Each route below is a DSGE model reference page with overview, graph, proof, and comparison material.

Open-economy extensionsReferenceStructure reference

Small-open-economy NK

Adds exchange rates, external demand, and imported inflation to the sticky-price policy core.

Open Small-open-economy NK reference

Reference coverage

Coverage for this subgroup

1 route linked in this subgroup's DSGE reference coverage.

Currently covers one route: the small open-economy NK extension. The structural reference page documents the exchange-rate and external-block additions.

How this subgroup differs

How open-economy extensions sits next to other DSGE subgroups

Back to the DSGE family

Browse the full DSGE family

The DSGE family page lists every route in the explorer, including the ones that sit in other subgroups.

Open DSGE family

Unlock Full Macro Model Library with Starter.

Unlock Full Macro Model Library with Starter.

Open-economy extensions

The open-economy extensions lane in the DSGE family

When to reach for open-economy extensions

Open-economy extensions routes

Small-open-economy NK

Coverage for this subgroup

How open-economy extensions sits next to other DSGE subgroups

Nearby DSGE subgroups

Browse the full DSGE family