A Baseline Closed Economy Model for Monetary Policy Analysis

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F09%3A00037750" target="_blank" >RIV/00216224:14560/09:00037750 - 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

A Baseline Closed Economy Model for Monetary Policy Analysis

Original language description

The paper provides an analysis of the baseline New Keynesian DSGE model for a closed economy. The model is estimated with a Bayesian technique using quarterly Eurozone data. The estimation results are discussed and compared with related papers. Via impulse responses to unanticipated shocks, we analyze the behaviour of the model. We carry out this analysis in three steps. First, we analyze the model behaviour without any rigidities in order to understand essential model mechanisms. Then, we add separately real and nominal rigidities to investigate their impacts within the model.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/1M0524" target="_blank" >1M0524: Research center on competitiveness of Czech economy</a><br>

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2009

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Bulletin of the Czech Econometric Society

ISSN

1212-074X

e-ISSN

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Volume of the periodical

16

Issue of the periodical within the volume

26

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

24

Pages from-to

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UT code for WoS article

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EID of the result in the Scopus database

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