Porovnání českých a amerických peněžních obchodních cyklů

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F05%3A00013986" target="_blank" >RIV/00216224:14560/05:00013986 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Role of money in monetary business cycle: comparison of the czech and american results

Popis výsledku v původním jazyce

In recent years has been developed new approach of the maximum likelihood estimation of the business cycle models incorporating rational expectations based on the method of the Blanchard and Kahn by Peter N. Ireland. These models examine an accurate andcomplete description of money's role in the monetary business cycle. Ireland has estimated the model with quarterly time-series data from the post-1980 United States economy. He concluded that the money plays a minimal role in shaping the dynamic behavior of output and inflation. It was a stimulus to verify result with the Czech Republic data. The results obtained indicate that the Czech Republic data gives similar results as post-1980 United States data. The model's parameters suggest that money also plays a nonessential role in the monetary business cycle. But the impulse response is a little bit different, mainly a technology shock. What and why is similar or different for the estimates? That is the question addressed here. The paper

Název v anglickém jazyce

Role of money in monetary business cycle: comparison of the czech and american results

Popis výsledku anglicky

In recent years has been developed new approach of the maximum likelihood estimation of the business cycle models incorporating rational expectations based on the method of the Blanchard and Kahn by Peter N. Ireland. These models examine an accurate andcomplete description of money's role in the monetary business cycle. Ireland has estimated the model with quarterly time-series data from the post-1980 United States economy. He concluded that the money plays a minimal role in shaping the dynamic behavior of output and inflation. It was a stimulus to verify result with the Czech Republic data. The results obtained indicate that the Czech Republic data gives similar results as post-1980 United States data. The model's parameters suggest that money also plays a nonessential role in the monetary business cycle. But the impulse response is a little bit different, mainly a technology shock. What and why is similar or different for the estimates? That is the question addressed here. The paper

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/1M0524" target="_blank" >1M0524: Centrum výzkumu konkurenční schopnosti české ekonomiky</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2005

Kód důvěrnosti údajů

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

Název statě ve sborníku

Liberecké ekonomické fórum

ISBN

80-7083-953-8

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

80-85

Název nakladatele

Technická univerzita v Liberci

Místo vydání

Liberec

Místo konání akce

Liberec

Datum konání akce

13. 4. 2005

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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