The effects of domestic and external shocks on a small open country: the evidence from the Czech Economy

Kód výsledku v 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>

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

The effects of domestic and external shocks on a small open country: the evidence from the Czech Economy

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

The effects of domestic and external shocks on a small open country: the evidence from the Czech Economy

Popis výsledku anglicky

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

Druh

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

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

<a href="/cs/project/GA402%2F08%2F1015" target="_blank" >GA402/08/1015: Makroekonomické modely české ekonomiky a dalších ekonomik zemí EU</a><br>

Návaznosti

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

Rok uplatnění

2012

Kód důvěrnosti údajů

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

Název periodika

INTERNATIONAL JOURNAL OF MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES

ISSN

1998-0140

e-ISSN

—

Svazek periodika

6

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

10

Strana od-do

366-375

Kód UT WoS článku

—

EID výsledku v databázi Scopus

—