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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

  • DOI - Digital Object Identifier

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

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

  • 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

  • e-ISSN

  • Number of pages

    6

  • Pages from-to

  • 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