# Best DSGE foundation Model for Small Island State with Pegged Exchange Rate

**URL:** https://forum.dynare.org/t/best-dsge-foundation-model-for-small-island-state-with-pegged-exchange-rate/19791
**Category:** General DSGE Modeling
**Created:** [13 February 2022 20:50 UTC](https://forum.dynare.org/t/best-dsge-foundation-model-for-small-island-state-with-pegged-exchange-rate/19791 "2022-02-13T20:50:41Z")
**Posts on this page:** 2
**Page:** 1

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### Author: ![jussjc](https://forum.dynare.org/letter_avatar_proxy/v4/letter/j/9f8e36/32.png) [@jussjc](https://forum.dynare.org/u/jussjc)
#### Post date: [13 February 2022 20:50 UTC](https://forum.dynare.org/t/best-dsge-foundation-model-for-small-island-state-with-pegged-exchange-rate/19791/1 "2022-02-13T20:50:41Z")

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I am attempting to calibrate an existing DSGE model to the Barbadian economy; a small open economy with a GDP of around US4.5b and is pegged to the US dollar 2:1. I have been looking for a good base model however I am struggling to find an appropriate one.

Any advice/direction would be greatly appreaciated.

Thanks in advance

Justin

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### Author: ![jpfeifer](https://forum.dynare.org/user_avatar/forum.dynare.org/jpfeifer/32/5044_2.png) [@jpfeifer](https://forum.dynare.org/u/jpfeifer)
#### Post date: [14 February 2022 19:49 UTC](https://forum.dynare.org/t/best-dsge-foundation-model-for-small-island-state-with-pegged-exchange-rate/19791/2 "2022-02-14T19:49:20Z")

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How about

> **[Estimation of Fiscal Multipliers in a Small Open Economy: The Case of Barbados](http://www.centralbank.org.bb/news/article/8826/estimation-of-fiscal-multipliers-in-a-small-open-economy-the-case-of-barbados)**
>
> This paper explores the size and sign of exogenous fiscal shocks in Barbados using the

?