Money's Function in the Czech Monetary Business Cycle

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F05%3A00012676" target="_blank" >RIV/00216224:14560/05:00012676 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Money's Function in the Czech Monetary Business Cycle
Original language description
Analysts have devoted considerable time and effort towards developing new and improved models for monetary policy evaluation. These newly developed models differ considerably in details. Do these existing models provide an accurate and complete description of moneys role in the monetary business cycle? That is the question addressed here. The paper begins by constructing small New Keynesian DSGE model. It goes on to estimate the model with quarterly time-series data of the Czech economy. Maximum likelihood estimates of the model's parameters suggest that money plays a nonessential role in the Czech monetary business cycle. The Kalman filter was used to evaluate negative log likelihood function of the model.
Czech name
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Czech description
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Project
<a href="/en/project/GA402%2F05%2F2172" target="_blank" >GA402/05/2172: Monetary politics and monetary stabilization: identification and application of general equilibrium models</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2005
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 23rd International Conference Mathematical Methods in Economics 2005
ISBN
80-7041-535-5
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
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Publisher name
Nakladelství Gaudeamus Univerzity Hradec Králové
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Sep 14, 2005
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000260962400006

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