The effects of fiscal policy shocks in Czech and German economy: SVAR model with graphical modeling approach
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F18%3A00103655" target="_blank" >RIV/00216224:14560/18:00103655 - isvavai.cz</a>
Result on the web
<a href="https://mme2018.fm.vse.cz/" target="_blank" >https://mme2018.fm.vse.cz/</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The effects of fiscal policy shocks in Czech and German economy: SVAR model with graphical modeling approach
Original language description
The paper will focus on identifying the influence of the Czech Republic (and Germany) fiscal policy on the business cycle of the Czech Republic (and Germany). The paper will state the fiscal policies of the states and their comparisons with the theory of real business cycle theory (RBC) and the New Keynesian theory (NK). A cascade of structural VAR models will be used to determine the impact of the fiscal policy shocks. The graphical modeling method will be used to determine the restrictions in the structural VAR models. The following variables will be used to estimate VAR models: government spending, government taxes, real output, consumption, working hours and real wages. The results obtained from the models will be used to assess the effectiveness of the fiscal policy (government spending shocks) and their impacts on the economic cycle. The results are in line with Keynesian theoretical models. Significant differences in impulse responses for individual economies can also be observed.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
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 36th International Conference Mathematical Methods in Economics
ISBN
9788073783716
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
234-239
Publisher name
MatfyzPress, Publishing House of the Faculty of Mathematics and Physics Charles University,
Place of publication
Praha
Event location
JIndřichův Hradec
Event date
Jan 1, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000507455300041