The effects of domestic and external shocks on a small open country: the evidence from the Czech Economy
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F12%3A86079551" target="_blank" >RIV/61989100:27510/12:86079551 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The effects of domestic and external shocks on a small open country: the evidence from the Czech Economy
Original language description
This paper describes the impact of selected domestic and external shocks on selected macroeconomic variables in the Czech economy. For this purpose a long-run macroeconomic model of a small open economy developed by Garratt, Lee, Pesaran and Shin (2006)has been modified and estimated. A macroeconomic core model includes five long-run relationships (the relative purchasing power parity, the real money market equilibrium condition, the output gap, the interest rate parity and the interest rate relationship ? Fisher inflation parity). It is estimated through a structural cointegrating vector error correction model using data covering the period 1996q1 ? 2010q4. We identify the long-run structure of the Czech economy and study the effects of domestic supply, demand and also monetary shocks. The external exchange rate shocks are also studied. The effects of these shocks were investigated for selected macroeconomic variables (domestic interest rate, domestic output, domestic monetary demand
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
<a href="/en/project/GA402%2F08%2F1015" target="_blank" >GA402/08/1015: Macroeconomic Models of the Cyech Economy and Economies of the other EU Countries</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
INTERNATIONAL JOURNAL OF MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES
ISSN
1998-0140
e-ISSN
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Volume of the periodical
6
Issue of the periodical within the volume
2
Country of publishing house
US - UNITED STATES
Number of pages
10
Pages from-to
366-375
UT code for WoS article
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EID of the result in the Scopus database
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