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Analyzing Behaviour of Czech Economy: A Nonlinear DSGE Model Framework

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F11%3A00081771" target="_blank" >RIV/00216224:14560/11:00081771 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Analyzing Behaviour of Czech Economy: A Nonlinear DSGE Model Framework

  • Original language description

    In this paper, we analyze behaviour of nonlinear New Keynesian dynamic stochastic general equilibrium model of Czech Republic. We solve the model by second-order perturbation method and estimate it using Bayesian techniques, specifically evaluate its likelihood function with particle filter. Our results show that the nonlinear model reveals richer dynamics as compared to linearized model: impulse response functions to structural shocks differ, depending on the distance of the initial state vector from steady-state.

  • 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

    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

    Proceedings of the 29th International Conference on Mathematical Methods in Economics 2011

  • ISBN

    9788074310584

  • ISSN

  • e-ISSN

  • Number of pages

    6

  • Pages from-to

    443-448

  • Publisher name

    PROFESSIONAL PUBLISHING, MIKULOVA 1572 13, PRAHA 4

  • Place of publication

    Prague

  • Event location

    Janska dolina

  • Event date

    Jan 1, 2011

  • Type of event by nationality

    EUR - Evropská akce

  • UT code for WoS article

    000309074600073