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Description
  • The paper provides an analysis of the baseline New Keynesian DSGE model for a closed economy. The model is estimated with a Bayesian technique using quarterly Eurozone data. The estimation results are discussed and compared with related papers. Via impulse responses to unanticipated shocks, we analyze the behaviour of the model. We carry out this analysis in three steps. First, we analyze the model behaviour without any rigidities in order to understand essential model mechanisms. Then, we add separately real and nominal rigidities to investigate their impacts within the model.
  • The paper provides an analysis of the baseline New Keynesian DSGE model for a closed economy. The model is estimated with a Bayesian technique using quarterly Eurozone data. The estimation results are discussed and compared with related papers. Via impulse responses to unanticipated shocks, we analyze the behaviour of the model. We carry out this analysis in three steps. First, we analyze the model behaviour without any rigidities in order to understand essential model mechanisms. Then, we add separately real and nominal rigidities to investigate their impacts within the model. (en)
Title
  • A Baseline Closed Economy Model for Monetary Policy Analysis
  • A Baseline Closed Economy Model for Monetary Policy Analysis (en)
skos:prefLabel
  • A Baseline Closed Economy Model for Monetary Policy Analysis
  • A Baseline Closed Economy Model for Monetary Policy Analysis (en)
skos:notation
  • RIV/00216224:14560/09:00037750!RIV11-MSM-14560___
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • P(1M0524), S
http://linked.open...iv/cisloPeriodika
  • 26
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 301125
http://linked.open...ai/riv/idVysledku
  • RIV/00216224:14560/09:00037750
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • DSGE; New Keynesian model; Bayesian estimation; impulse responses (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • CZ - Česká republika
http://linked.open...ontrolniKodProRIV
  • [D67106DF6649]
http://linked.open...i/riv/nazevZdroje
  • Bulletin of the Czech Econometric Society
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...vavai/riv/projekt
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • 16
http://linked.open...iv/tvurceVysledku
  • Polanský, Jiří
  • Tonner, Jaromír
  • Vašíček, Osvald
issn
  • 1212-074X
number of pages
http://localhost/t...ganizacniJednotka
  • 14560
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