Importance of the interactions between Czech and Slovak economy

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F11%3A00053281" target="_blank" >RIV/00216224:14560/11:00053281 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Importance of the interactions between Czech and Slovak economy
Original language description
The paper tries to answer the question to what extent there are interactions between Czech and Slovak economy. For this purpose, a DSGE model of two small open economies with foreign sector is employed. Compared to the model framework with one small openeconomy, the model allows for trade between the small open economies which implies that there are two types of importers according to the origin of the imported goods. Four variants of model are estimated using Bayesian method. The variants differ in the assumptions about interactions between Czech and Slovak economy. The variant that best explains data is used to assess the importance of interactions between these two economies. To complete the assessment of interactions between these two economies, the paper presents forecast error variance decomposition of shocks and shock decomposition of selected variables.
Czech name
—
Czech description
—

Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Similar results(10)