Global Sensitivity Analysis of a DSGE model of the Czech Economy
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F09%3A00036610" target="_blank" >RIV/00216224:14560/09:00036610 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Global Sensitivity Analysis of a DSGE model of the Czech Economy
Original language description
The paper shows some interesting results of Global Sensitivity Analysis on a particular dynamic stochastic general equilibrium model. The key behavior of the Czech economy is approximated by Lubik and Schorfheide model, which is a small-scale structuralgeneral equilibrium model of a small open economy. The sensitivity analysis class of methods presented in the paper consists of various individual analyses. Stability mapping analysis detects the parameters which are responsible for potential instabilityor indeterminacy in the model. Mapping the fit is a useful tool to learn about the linkages that drive the fit of trajectories of particular variables to data. Information provided by the results of mapping the fit can be used to unveil possible trade-offs between the fit of individual observables and maybe also to amend model structure or calibrate parameters properly in order to increase the fit of variables of researcher's interest. Other individual analyses are just mentioned.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/1M0524" target="_blank" >1M0524: Research center on competitiveness of Czech economy</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach
Others
Publication year
2009
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Mathematical Methods in Economics 2009
ISBN
978-80-213-1963-9
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
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Publisher name
Czech University of Life Sciences Prague
Place of publication
Praha
Event location
Kostelec nad Černými Lesy
Event date
Jan 1, 2009
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000260962300023