Structural Changes in the Czech Economy: a DSGE Model Approach

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00089059" target="_blank" >RIV/00216224:14560/16:00089059 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.vse.cz/pep/535" target="_blank" >http://www.vse.cz/pep/535</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.18267/j.pep.535" target="_blank" >10.18267/j.pep.535</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Structural Changes in the Czech Economy: a DSGE Model Approach

Popis výsledku v původním jazyce

This article identifies structural changes in the Czech economy in the period from 1996 to 2012 using a DSGE model estimated using Bayesian methods. A structural change is understood as a statistically significant change in model parameter(s). Prior to the first quarter of 1999, there was a structural change that can be primarily attributed to shocks impacting only the domestic economy, and to the domestic monetary authority's increased preferences towards inflation and exchange rate growth. The elasticity of substitution between domestic and imported consumption goods also increased sharply in this period. As far as the recent economic recession is concerned, it was caused by a much more persistent world-wide technology shock. Habit formation dropped abruptly during the crisis as households tended not to smooth their consumption much anymore.

Název v anglickém jazyce

Structural Changes in the Czech Economy: a DSGE Model Approach

Popis výsledku anglicky

This article identifies structural changes in the Czech economy in the period from 1996 to 2012 using a DSGE model estimated using Bayesian methods. A structural change is understood as a statistically significant change in model parameter(s). Prior to the first quarter of 1999, there was a structural change that can be primarily attributed to shocks impacting only the domestic economy, and to the domestic monetary authority's increased preferences towards inflation and exchange rate growth. The elasticity of substitution between domestic and imported consumption goods also increased sharply in this period. As far as the recent economic recession is concerned, it was caused by a much more persistent world-wide technology shock. Habit formation dropped abruptly during the crisis as households tended not to smooth their consumption much anymore.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název periodika

Prague Economic Papers : Quarterly Journal of Economic Theory and Policy

ISSN

1210-0455

e-ISSN

—

Svazek periodika

25

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

16

Strana od-do

37-52

Kód UT WoS článku

000371374000003

EID výsledku v databázi Scopus

—