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  • The paper introduces a New Keynesian DSGE model that describes the inflation targeting policy in the Czech economy. This model is based strictly on microfoundations and consists of representative finished and intermediate goods-producing firms, representative households and a cetral bank. The central bank implements its policy according to the generalized Taylor rule. A suitable method for solving the model is the Kalman filter evaluating a likelihood function and the Kalman smoother evaluating a time series of a smoothed estimate of the unobserved variable (target inflation). The model seems to give an approximation of the behavior of the Czech economy.
  • The paper introduces a New Keynesian DSGE model that describes the inflation targeting policy in the Czech economy. This model is based strictly on microfoundations and consists of representative finished and intermediate goods-producing firms, representative households and a cetral bank. The central bank implements its policy according to the generalized Taylor rule. A suitable method for solving the model is the Kalman filter evaluating a likelihood function and the Kalman smoother evaluating a time series of a smoothed estimate of the unobserved variable (target inflation). The model seems to give an approximation of the behavior of the Czech economy. (en)
Title
  • A Model Interpretation of the Czech Inflation Targeting and the Monetary Policy
  • A Model Interpretation of the Czech Inflation Targeting and the Monetary Policy (en)
skos:prefLabel
  • A Model Interpretation of the Czech Inflation Targeting and the Monetary Policy
  • A Model Interpretation of the Czech Inflation Targeting and the Monetary Policy (en)
skos:notation
  • RIV/00216224:14560/05:00013988!RIV10-MSM-14560___
http://linked.open...avai/riv/aktivita
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  • P(1M0524)
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
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http://linked.open...iv/duvernostUdaju
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  • 510908
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  • RIV/00216224:14560/05:00013988
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  • DSGE model; New Keynesian model; monetary policy; Taylor rule; inflation targeting; rational expectations; Kalman filter with likelihood function; Kalman filter smoother (en)
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  • [FAA34E82772F]
http://linked.open...v/mistoKonaniAkce
  • Hradec Králové
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  • Hradec Králové
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  • Proceedings of the 23rd International Conference Mathematical Methods in Economics 2005
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http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
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http://linked.open...UplatneniVysledku
http://linked.open...iv/tvurceVysledku
  • Vašíček, Osvald
  • Musil, Karel
http://linked.open...vavai/riv/typAkce
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number of pages
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  • Nakladatelství Gaudeamus Univerzity Hradec Králové
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  • 80-7041-535-5
http://localhost/t...ganizacniJednotka
  • 14560
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