The effects of fiscal policy shocks in Czech and German economy: SVAR model with graphical modeling approach

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F18%3A00103655" target="_blank" >RIV/00216224:14560/18:00103655 - isvavai.cz</a>

Výsledek na webu

<a href="https://mme2018.fm.vse.cz/" target="_blank" >https://mme2018.fm.vse.cz/</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The effects of fiscal policy shocks in Czech and German economy: SVAR model with graphical modeling approach

Popis výsledku v původním jazyce

The paper will focus on identifying the influence of the Czech Republic (and Germany) fiscal policy on the business cycle of the Czech Republic (and Germany). The paper will state the fiscal policies of the states and their comparisons with the theory of real business cycle theory (RBC) and the New Keynesian theory (NK). A cascade of structural VAR models will be used to determine the impact of the fiscal policy shocks. The graphical modeling method will be used to determine the restrictions in the structural VAR models. The following variables will be used to estimate VAR models: government spending, government taxes, real output, consumption, working hours and real wages. The results obtained from the models will be used to assess the effectiveness of the fiscal policy (government spending shocks) and their impacts on the economic cycle. The results are in line with Keynesian theoretical models. Significant differences in impulse responses for individual economies can also be observed.

Název v anglickém jazyce

The effects of fiscal policy shocks in Czech and German economy: SVAR model with graphical modeling approach

Popis výsledku anglicky

The paper will focus on identifying the influence of the Czech Republic (and Germany) fiscal policy on the business cycle of the Czech Republic (and Germany). The paper will state the fiscal policies of the states and their comparisons with the theory of real business cycle theory (RBC) and the New Keynesian theory (NK). A cascade of structural VAR models will be used to determine the impact of the fiscal policy shocks. The graphical modeling method will be used to determine the restrictions in the structural VAR models. The following variables will be used to estimate VAR models: government spending, government taxes, real output, consumption, working hours and real wages. The results obtained from the models will be used to assess the effectiveness of the fiscal policy (government spending shocks) and their impacts on the economic cycle. The results are in line with Keynesian theoretical models. Significant differences in impulse responses for individual economies can also be observed.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of 36th International Conference Mathematical Methods in Economics

ISBN

9788073783716

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

234-239

Název nakladatele

MatfyzPress, Publishing House of the Faculty of Mathematics and Physics Charles University,

Místo vydání

Praha

Místo konání akce

JIndřichův Hradec

Datum konání akce

1. 1. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000507455300041