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  • The paper introduces a New Keynesian Dynamic Stochastic General Equilibrium (NK DSGE) model of the Czech economy. It is a closed economy model strictly based on microeconomic foundations. The model consists of three representative agents. Behavior of a representative household contains rigidities in consumption in a form of a habit formation. A production sector is divided between tradables and non-tradables. Price setting behavior of a representative firm in both sectors is described by the Calvo style resulting into a New Keynesian Phillips Curves (NKPCs). Monetary authority implements monetary policy according to a modified Taylor rule in the inflation targeting regime. The model contains extra rigidities connected to labor market (wages NKPC and labor adjustment costs). A Bayesian method is used for the estimation of the linearized model equations. A basic analysis of the estimated model is carried out through parameters description and impulse response functions.
  • The paper introduces a New Keynesian Dynamic Stochastic General Equilibrium (NK DSGE) model of the Czech economy. It is a closed economy model strictly based on microeconomic foundations. The model consists of three representative agents. Behavior of a representative household contains rigidities in consumption in a form of a habit formation. A production sector is divided between tradables and non-tradables. Price setting behavior of a representative firm in both sectors is described by the Calvo style resulting into a New Keynesian Phillips Curves (NKPCs). Monetary authority implements monetary policy according to a modified Taylor rule in the inflation targeting regime. The model contains extra rigidities connected to labor market (wages NKPC and labor adjustment costs). A Bayesian method is used for the estimation of the linearized model equations. A basic analysis of the estimated model is carried out through parameters description and impulse response functions. (en)
Title
  • Small DSGE model for the Czech economy
  • Small DSGE model for the Czech economy (en)
skos:prefLabel
  • Small DSGE model for the Czech economy
  • Small DSGE model for the Czech economy (en)
skos:notation
  • RIV/00216224:14560/09:00038079!RIV10-MSM-14560___
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • P(1M0524), S
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
  • 341783
http://linked.open...ai/riv/idVysledku
  • RIV/00216224:14560/09:00038079
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • NK DSGE model; modified Taylor rule; inflation targeting; Bayesian estimation; wage and labor rigidity (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...ontrolniKodProRIV
  • [E8EF425E4C2E]
http://linked.open...v/mistoKonaniAkce
  • Kostelec nad Černými Lesy
http://linked.open...i/riv/mistoVydani
  • Praha
http://linked.open...i/riv/nazevZdroje
  • Mathematical Methods in Economics 2009
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...iv/tvurceVysledku
  • Musil, Karel
http://linked.open...vavai/riv/typAkce
http://linked.open.../riv/zahajeniAkce
number of pages
http://purl.org/ne...btex#hasPublisher
  • Česká zemědělská univerzita v Praze
https://schema.org/isbn
  • 978-80-213-1963-9
http://localhost/t...ganizacniJednotka
  • 14560
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