PARAMETER ESTIMATION FOR DYNAMIC MODEL OF THE FINANCIAL SYSTEM
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F15%3APU116896" target="_blank" >RIV/00216305:26510/15:PU116896 - isvavai.cz</a>
Result on the web
<a href="https://acta.mendelu.cz/63/6/2051/" target="_blank" >https://acta.mendelu.cz/63/6/2051/</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.11118/actaun201563062051" target="_blank" >10.11118/actaun201563062051</a>
Alternative languages
Result language
angličtina
Original language name
PARAMETER ESTIMATION FOR DYNAMIC MODEL OF THE FINANCIAL SYSTEM
Original language description
Economy can be considered a large, open system which is infl uenced by fl uctuations, both internal and external. Based on non-linear dynamics theory, the dynamic models of a fi nancial system try to provide a new perspective by explaining the complicated behaviour of the system not as a result of external infl uences or random behaviour, but as a result of the behaviour and trends of the system’s internal structures. The present article analyses a chaotic fi nancial system from the point of view of determining the time delay of the model variables – the interest rate, investment demand, and price index. The theory is briefl y explained in the fi rst chapters of the paper and serves as a basis for formulating the relations. This article aims to determine the appropriate length of time delay variables in a dynamic model of the fi nancial system in order to express the real economic situation and respect the eff ect of the history of factors under consideration. The determination of the delay length is carried out for the time series representing Euro area.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50602 - Public administration
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
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
ISSN
1211-8516
e-ISSN
2464-8310
Volume of the periodical
63
Issue of the periodical within the volume
6
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
5
Pages from-to
2051-2055
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-84958214604