Measuring output gap using New Keynesian model: application to 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%2F10%3A00044728" target="_blank" >RIV/00216224:14560/10:00044728 - 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
Measuring output gap using New Keynesian model: application to the Czech economy
Original language description
This paper deals with estimation of output gap in the Czech economy using New Keynesian model. Data for unemployment and labor share together with calibrated values of structural parameters are used. The output gap is then compared to traditional measure-- detrended GDP. The main difference is that New Keynesian output gap is negative in the whole analyzed period which means that economy is operating under potential. Sensitivity analysis with respect to structural parameters is carried out and some implications for welfare are discussed.
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)
Others
Publication year
2010
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 2010
ISBN
978-80-7394-218-2
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
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Publisher name
University of South Bohemia, Faculty of Economics
Place of publication
České Budějovice
Event location
České Budějovice
Event date
Jan 1, 2010
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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