About: A DSGE Model View of the Czech Business Cycle     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)

AttributesValues
rdf:type
Description
  • This paper uses a simple New Keynesian DSGE model as a means to examine the sources of the Czech business cycle from 1996 to 2010, focusing on the output gap. We estimate the DSGE model in order to obtain trajectories of exogenous shocks. Based on the model, we decompose the deviation of Czech output from trend into contributions of these shocks. We show that since 2000, the foreign demand shock and exchange rate shock have been increasingly important for the domestic business cycle. Overall, domestic shocks account for more than a half of the variance in the domestic output gap. We contrast the recession of 1997-1998, caused primarily by domestic shocks, to the recession of 2009, which was caused by a drop in the foreign demand. We also find that the Czech economy is sensitive to the exchange rate movements, as documented by the year 2002.
  • This paper uses a simple New Keynesian DSGE model as a means to examine the sources of the Czech business cycle from 1996 to 2010, focusing on the output gap. We estimate the DSGE model in order to obtain trajectories of exogenous shocks. Based on the model, we decompose the deviation of Czech output from trend into contributions of these shocks. We show that since 2000, the foreign demand shock and exchange rate shock have been increasingly important for the domestic business cycle. Overall, domestic shocks account for more than a half of the variance in the domestic output gap. We contrast the recession of 1997-1998, caused primarily by domestic shocks, to the recession of 2009, which was caused by a drop in the foreign demand. We also find that the Czech economy is sensitive to the exchange rate movements, as documented by the year 2002. (en)
Title
  • A DSGE Model View of the Czech Business Cycle
  • A DSGE Model View of the Czech Business Cycle (en)
skos:prefLabel
  • A DSGE Model View of the Czech Business Cycle
  • A DSGE Model View of the Czech Business Cycle (en)
skos:notation
  • RIV/00216224:14560/11:00054466!RIV12-MSM-14560___
http://linked.open...avai/predkladatel
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
  • 183772
http://linked.open...ai/riv/idVysledku
  • RIV/00216224:14560/11:00054466
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • DSGE models; business cycles; shocks decomposition (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...ontrolniKodProRIV
  • [60F34F3C140F]
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
  • Motl, Tomáš
  • Vašíček, Osvald
http://localhost/t...ganizacniJednotka
  • 14560
Faceted Search & Find service v1.16.118 as of Jun 21 2024


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
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, 112 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2024 OpenLink Software