Structural change of the Czech economy

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F09%3A00036755" target="_blank" >RIV/00216224:14560/09:00036755 - 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
Structural change of the Czech economy
Original language description
The goal of this paper is to estimate timing and shape of structural change (regime switch) of the Czech economy, which took place at the end of the nineties of the last century. The approach we have chosen is based on Dynamic Stochastic General Equilibrium (DSGE) model with Markov switching regimes. In order to keep the estimate meaningful with respect to the number of parameters (model complexity) and length of the Czech time series, we have chosen a small prototypical New Keynesian model. This modelis estimated by Bayesian techniques. The results do not consists of parameter estimates for different regimes only, but also of probabilities of these regimes in time. This offers very interesting view of the changes the Czech economy went through in thesecond half of the nineties.
Czech name
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Czech description
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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

Publication year
2009
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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