About: New Keynesian Model of the Small Open Czech Economy

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An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	The paper introduces a New Keynesian Dynamic Stochastic General Equilibrium (NK DSGE) model. This model is related to the New Open Economy Macroeconomics (NOEM). It is strictly based on microeconomic foundations and consists of representative agents. They are representative households and firms, a central monetary authority and a foreign economy. The economic model is log–linearized and transformed to a rational expectations (LRE) model, which is solved. Parameters of the solved model are estimated by Bayesian simulation techniques using a priory set information. The estimated model together with the impulse responses seems to give a reasonable approximation of behavior of the Czech economy. The paper introduces a New Keynesian Dynamic Stochastic General Equilibrium (NK DSGE) model. This model is related to the New Open Economy Macroeconomics (NOEM). It is strictly based on microeconomic foundations and consists of representative agents. They are representative households and firms, a central monetary authority and a foreign economy. The economic model is log–linearized and transformed to a rational expectations (LRE) model, which is solved. Parameters of the solved model are estimated by Bayesian simulation techniques using a priory set information. The estimated model together with the impulse responses seems to give a reasonable approximation of behavior of the Czech economy. (en)
Title	New Keynesian Model of the Small Open Czech Economy New Keynesian Model of the Small Open Czech Economy (en)
skos:prefLabel	New Keynesian Model of the Small Open Czech Economy New Keynesian Model of the Small Open Czech Economy (en)
skos:notation	RIV/00216224:14560/06:00015848!RIV10-GA0-14560___
http://linked.open...avai/riv/aktivita	P
http://linked.open...avai/riv/aktivity	P(1M0524), P(GA402/05/2172)
http://linked.open...vai/riv/dodaniDat	2010
http://linked.open...aciTvurceVysledku	Musil, Karel Vašíček, Osvald
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Masarykova univerzita / Ekonomicko-správní fakulta
http://linked.open...dnocenehoVysledku	488523
http://linked.open...ai/riv/idVysledku	RIV/00216224:14560/06:00015848
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	New Keynesian DSGE model; New Open Economy Macroeconomics; monetary policy; Taylor rule; inflation targeting; rational expectations; Bayesian simulations (en)
http://linked.open.../riv/klicoveSlovo	inflation targeting monetary policy New Keynesian DSGE model Bayesian simulations Taylor rule rational expectations New Open Economy Macroeconomics
http://linked.open...ontrolniKodProRIV	[905FCA861F0F]
http://linked.open...v/mistoKonaniAkce	Plzeň
http://linked.open...i/riv/mistoVydani	Plzeň
http://linked.open...i/riv/nazevZdroje	Proceedings of the 24th International Conference Mathematical Methods in Economics 2006
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	2 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...vavai/riv/projekt	Research center on competitiveness of Czech economy Monetary politics and monetary stabilization: identification and application of general equilibrium models
http://linked.open...UplatneniVysledku	2006
http://linked.open...iv/tvurceVysledku	Vašíček, Osvald Musil, Karel
http://linked.open...vavai/riv/typAkce	WRD - Světová
http://linked.open...ain/vavai/riv/wos	000262064700045
http://linked.open.../riv/zahajeniAkce	2006-09-13 (xsd:date)
number of pages	6 (xsd:int)
http://purl.org/ne...btex#hasPublisher	Západočeská univerzita v Plzni
https://schema.org/isbn	80-7043-480-5
http://localhost/t...ganizacniJednotka	14560

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