Changes in the behavior of economies in a DSGE model in the course of time
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F11%3A00053100" target="_blank" >RIV/00216224:14560/11:00053100 - 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
Changes in the behavior of economies in a DSGE model in the course of time
Original language description
The contribution uses a NK DSGE model as a tool for analysis of model behavior. The used macroeconomic model is a SOE model derived from microeconomic foundations and presumes four types of agents. Aim of the contribution is to identify changes in behavior of modeled economies during dramatic economic events and explain observed changes in the mechanics of the model. The method proceeds from Bayesian estimates of parameters and impulse response functions. In order to analyze changes in parameter estimates and impulse response functions in time, a number of estimation procedures are carried out. Each estimation involves the same baseline model with the same prior setting and varies only in the time-frame of the data set. Resulting changes in the estimates of parameters and different shapes of impulse response functions may point to changes in behavior of the system caused only by using different data span. Such model results may be explained in the context of changed behavior of economi
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)<br>S - Specificky vyzkum na vysokych skolach
Others
Publication year
2011
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 2011
ISBN
978-80-7431-058-4
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
94-100
Publisher name
University of Economics in Prague, University of Economics in Bratislava
Place of publication
Praha
Event location
Jánská Dolina
Event date
Jan 1, 2011
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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