The Relevance of Financial Frictions in V4 Countries

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F15%3A00082629" target="_blank" >RIV/00216224:14560/15:00082629 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

The Relevance of Financial Frictions in V4 Countries

Original language description

In this paper, the importance of the financial frictions in the countries of Visegrád Group is compared using a set of estimated DSGE models with financial accelerator. Results of the Bayesian estimation confirm the overall similarity of V4 economies, with some notable differences. According to the variance decomposition, the exogenous fluctuations of the entrepreneurial net worth can explain a substantial share of volatility of the main macroeconomic variables in the long run. The share of real outputvolatility explained by the net worth shock is estimated to be the highest in Hungary and lowest in the Czech economy.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2015

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

MEKON 2015: The CD of participants' reviewed papers from 17th international conference

ISBN

9788024836843

ISSN

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e-ISSN

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Number of pages

8

Pages from-to

579-586

Publisher name

VŠB-TUO, Faculty of Economics

Place of publication

Ostrava

Event location

Ostrava

Event date

Jan 1, 2015

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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