The relevance of financial frictions in V4 countries from the DSGE perspective
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F15%3A00086861" target="_blank" >RIV/00216224:14560/15:00086861 - isvavai.cz</a>
Result on the web
<a href="http://www.ekf.vsb.cz/cerei/cs/cisla/vol18num3/" target="_blank" >http://www.ekf.vsb.cz/cerei/cs/cisla/vol18num3/</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The relevance of financial frictions in V4 countries from the DSGE perspective
Original language description
In this paper, the importance of the financial frictions in the countries of the Visegrád Group is compared using a set of estimated DSGE models with a financial accelerator. The results of the Bayesian estimation confirm the overall similarity of the V4economies, with some notable differences. The estimates of the financial friction parameters are very similar across the V4 economies, which may be explained by the fact that most commercial banks operating in these economies are subsidiaries of large international groups, which treat the V4 markets in similar ways. According to the historical shock decomposition, the importance of the net worth shock for the development of real output is comparable to that of the domestic productivity shock or the total of foreign shocks. In the case of the inflation rate, the importance of the net worth shock is comparable to the sum of the foreign shocks.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
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
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Ekonomická revue
ISSN
1212-3951
e-ISSN
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Volume of the periodical
18
Issue of the periodical within the volume
3
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
8
Pages from-to
111-118
UT code for WoS article
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EID of the result in the Scopus database
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