About: Long-Run Sructural Modelling of the Czech Macroeconomy

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: Long-Run Sructural Modelling of the Czech Macroeconomy Goto Sponge NotDistinct Permalink

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

Attributes	Values
rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	The aim of this paper is to modify and empirically verify the modelling strategy developed by Garratt, Lee, Pesaran and Shin (2006). The strategy provides a practical approach to incorporating theoretic long-run relationships of a small open economy through a structural vector error correction model (VECM). The basic macroeconomic framework is a core small open economy model consisting of five long-run relationships. This leads to five expected long-run equations: the relative purchasing power parity (PPP), the real money market equilibrium condition (MD), the output gap (OG), the interest rate parity (IRP) and the interest rate relationship – Fisher inflation parity (FIP). We apply this modelling strategy to the Czech economy (Q1_1999 -Q4_2010). We are able to identify the long-run structure amongst those variables and to test over-identifying restrictions on the cointegrating vectors. The aim of this paper is to modify and empirically verify the modelling strategy developed by Garratt, Lee, Pesaran and Shin (2006). The strategy provides a practical approach to incorporating theoretic long-run relationships of a small open economy through a structural vector error correction model (VECM). The basic macroeconomic framework is a core small open economy model consisting of five long-run relationships. This leads to five expected long-run equations: the relative purchasing power parity (PPP), the real money market equilibrium condition (MD), the output gap (OG), the interest rate parity (IRP) and the interest rate relationship – Fisher inflation parity (FIP). We apply this modelling strategy to the Czech economy (Q1_1999 -Q4_2010). We are able to identify the long-run structure amongst those variables and to test over-identifying restrictions on the cointegrating vectors. (en)
Title	Long-Run Sructural Modelling of the Czech Macroeconomy Long-Run Sructural Modelling of the Czech Macroeconomy (en)
skos:prefLabel	Long-Run Sructural Modelling of the Czech Macroeconomy Long-Run Sructural Modelling of the Czech Macroeconomy (en)
skos:notation	RIV/61989100:27510/11:86079506!RIV12-GA0-27510___
http://linked.open...avai/riv/aktivita	P
http://linked.open...avai/riv/aktivity	P(GA402/08/1015)
http://linked.open...iv/cisloPeriodika	4
http://linked.open...vai/riv/dodaniDat	2012
http://linked.open...aciTvurceVysledku	Hančlová, Jana
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Vysoká škola báňská - Technická univerzita Ostrava / Ekonomická fakulta
http://linked.open...dnocenehoVysledku	209921
http://linked.open...ai/riv/idVysledku	RIV/61989100:27510/11:86079506
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	Impulse response functions; Fisher inflation parity; Money market; Output relationship; Interest rate parity; Purchasing power parity; Small open economy; Czech economy; Long-run structural model (en)
http://linked.open.../riv/klicoveSlovo	Impulse response functions Czech economy Fisher inflation parity Interest rate parity Long-run structural model Money market Output relationship Purchasing power parity Small open economy
http://linked.open...odStatuVydavatele	GR - Řecká republika
http://linked.open...ontrolniKodProRIV	[2BDC34B5298E]
http://linked.open...i/riv/nazevZdroje	WSEAS Transactions on Business and Economics
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...vavai/riv/projekt	Macroeconomic Models of the Cyech Economy and Economies of the other EU Countries
http://linked.open...UplatneniVysledku	2011
http://linked.open...v/svazekPeriodika	8
http://linked.open...iv/tvurceVysledku	Hančlová, Jana
issn	1109-9526
number of pages	11 (xsd:int)
http://localhost/t...ganizacniJednotka	27510

Faceted Search & Find service v1.16.118 as of Jun 21 2024

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3240 as of Jun 21 2024, on Linux (x86_64-pc-linux-gnu), Single-Server Edition (126 GB total memory, 85 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2024 OpenLink Software