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
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DOI - Digital Object Identifier
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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
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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
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
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e-ISSN
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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