Czech and Slovak economy during the Great Recession through the lens of a DSGE model
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00078711" target="_blank" >RIV/00216224:14560/14:00078711 - isvavai.cz</a>
Result on the web
<a href="http://eter.nhf.euba.sk/docs/eter-2014-conference-proceedings.pdf" target="_blank" >http://eter.nhf.euba.sk/docs/eter-2014-conference-proceedings.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Czech and Slovak economy during the Great Recession through the lens of a DSGE model
Original language description
In this paper, we compare the changes in the structure and behaviour of the Czech and Slovak economy in a turbulent period of the Great recession and subsequent return to the long-run growth equilibrium. While the structure of both economies is very similar, there are also important differences that became more pronounced during the recession period, when Slovakia entered the euro area. It is our goal to identify the most important changes in behaviour and underlying structure of the two economies and to outline the implications for further development. Both small open economies are represented by nonlinear dynamic stochastic model of a general equilibrium with financial accelerator. In order to capture the Slovak accession to the euro area, deterministic regime switch is implemented in the model of the Slovak economy. The development of the time-varying structural parameters is identified using the second order approximation of a nonlinear DSGE model.
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
2014
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 5th International Scientific Conference Economic Theory & Economic Reality ETER 2014
ISBN
9788022538848
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
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Publisher name
University of Economics
Place of publication
Bratislava
Event location
Bratislava
Event date
Jan 1, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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