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  • This paper shows the way of solving linear difference model under rational expectations. The whole procedure is described in general form. The conditions for existence of unique solution are summarized. The system is solved first for the unstable part and then for the stable part to get the final solution. Some theoretical examples for the macroeconomic model of closed economy are made. A reaction of agents to shocks, when anticipated or not, is examined. An influence of distinct types of Phillips curve on an adjusment process is discussed. An application for the Czech economy is made. The results are illustrated in figures and commented.
  • This paper shows the way of solving linear difference model under rational expectations. The whole procedure is described in general form. The conditions for existence of unique solution are summarized. The system is solved first for the unstable part and then for the stable part to get the final solution. Some theoretical examples for the macroeconomic model of closed economy are made. A reaction of agents to shocks, when anticipated or not, is examined. An influence of distinct types of Phillips curve on an adjusment process is discussed. An application for the Czech economy is made. The results are illustrated in figures and commented. (en)
  • Článek popisuje způsob řešení lineárních diferenčních modelů s racionálními očekáváními. Celý postup je popsán v obecné formě. Jsou shrnuty podmínky existence jediného řešení. Systém je řešen nejprve pro nestabilní část a poté pro stabilní část, abychom dostali konečné řešení. Na modelu uzavřené ekonomiky je provedeno několik teoretických příkladů. Je zkoumána reakce agentů na šoky, které jsou očekávané či nikoliv. Dále jsou diskutovány vlivy různých typů Phillipsovy křivky na přizpůsobovací proces. Je provedena aplikace na českou ekonomiku. Výsledky jsou ilustrovány na obrázcích a komentovány. (cs)
Title
  • Model Identification of Closed Economy with Rational Expectations
  • Model Identification of Closed Economy with Rational Expectations (en)
  • Identifikace modelu uzavřené ekonomiky s racionálními očekáváními (cs)
skos:prefLabel
  • Model Identification of Closed Economy with Rational Expectations
  • Model Identification of Closed Economy with Rational Expectations (en)
  • Identifikace modelu uzavřené ekonomiky s racionálními očekáváními (cs)
skos:notation
  • RIV/00216224:14560/04:00011492!RIV08-GA0-14560___
http://linked.open.../vavai/riv/strany
  • 115-122
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  • P(GA402/02/0393)
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http://linked.open...aciTvurceVysledku
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http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
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  • 573895
http://linked.open...ai/riv/idVysledku
  • RIV/00216224:14560/04:00011492
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  • rational expactations; closed economy model; Phillips curve; Iterative Kalman Filter Smoother (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...ontrolniKodProRIV
  • [C34AC0B58CF3]
http://linked.open...v/mistoKonaniAkce
  • Brno
http://linked.open...i/riv/mistoVydani
  • Brno
http://linked.open...i/riv/nazevZdroje
  • DATASTAT 2003 Proceedings
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
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http://linked.open...vavai/riv/projekt
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http://linked.open...iv/tvurceVysledku
  • Hloušek, Miroslav
http://linked.open...vavai/riv/typAkce
http://linked.open.../riv/zahajeniAkce
number of pages
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  • Masaryk University
https://schema.org/isbn
  • 80-210-3564-1
http://localhost/t...ganizacniJednotka
  • 14560
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