Analysis of interactions between Czech and Slovak economy
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F10%3A00044755" target="_blank" >RIV/00216224:14560/10:00044755 - 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
Analysis of interactions between Czech and Slovak economy
Original language description
The paper deals with behaviour of Czech and Slovak economy. For this purpose we have developed a two-country model with an exogenous foreign sector following the New Open Economy Macroeconomics (NOEM) paradigm. The main features of the NOEM are nominal rigidities and market imperfections which provide influential role for monetary policy. The model assumes optimizing households and monopolistically competitive firms, monetary policy conducted according to a Taylor rule, complete international financialmarket and competitive labour market. The sticky price setting of producers presents nominal rigidities in the model. The need for exogenous foreign sector is given by the membership of both countries in the EU. This paper presents the results from Bayesian estimation (which is incorporated in Dynare toolbox for Matlab). Specifically, we offer estimated values of structural parameters and impulse response functions. Both are used to assess the influence of one economy to another.
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
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Continuities
S - Specificky vyzkum na vysokych skolach
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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