Základní DSGE model české ekonomiky

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F08%3A00026459" target="_blank" >RIV/00216224:14560/08:00026459 - 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

A Basic DSGE Model of the Czech Economy

Popis výsledku v původním jazyce

The paper introduces a basic New Keynesian Dynamic Stochastic General Equilibrium (NK DSGE) model of the Czech economy. It is a closed economy model with tradable and non-tradable sectors based on microeconomic foundations. The model consists of representative agents. Behavior of a representative household contains rigidities in consumption in a form of a habit formation. Price setting behavior of a representative firm is described by the Calvo style (with a result in a New Keynesian Phillips Curve, NKPC). Central monetary authority implements monetary policy according to a modified Taylor rule (output growth rule model) in the inflation targeting regime. A Bayesian method is used for the estimation of the linearized model equations. A basic analysis of the estimated model is carried out through a description of parameters and impulse response functions analysis. The model seems to be a suitable approximation of the Czech economy behavior and it can be extended to a form of a more comp

Název v anglickém jazyce

A Basic DSGE Model of the Czech Economy

Popis výsledku anglicky

The paper introduces a basic New Keynesian Dynamic Stochastic General Equilibrium (NK DSGE) model of the Czech economy. It is a closed economy model with tradable and non-tradable sectors based on microeconomic foundations. The model consists of representative agents. Behavior of a representative household contains rigidities in consumption in a form of a habit formation. Price setting behavior of a representative firm is described by the Calvo style (with a result in a New Keynesian Phillips Curve, NKPC). Central monetary authority implements monetary policy according to a modified Taylor rule (output growth rule model) in the inflation targeting regime. A Bayesian method is used for the estimation of the linearized model equations. A basic analysis of the estimated model is carried out through a description of parameters and impulse response functions analysis. The model seems to be a suitable approximation of the Czech economy behavior and it can be extended to a form of a more comp

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

2008

Kód důvěrnosti údajů

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

Název statě ve sborníku

Mathematical Methods in Economics 2008

ISBN

978-80-7372-387-3

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

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Název nakladatele

Technická univerzita v Liberci

Místo vydání

Liberec

Místo konání akce

Liberec

Datum konání akce

1. 1. 2008

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000260962300045