This HTML5 document contains 43 embedded RDF statements represented using HTML+Microdata notation.

The embedded RDF content will be recognized by any processor of HTML5 Microdata.

Namespace Prefixes

PrefixIRI
dctermshttp://purl.org/dc/terms/
n7http://localhost/temp/predkladatel/
n11http://linked.opendata.cz/resource/domain/vavai/riv/tvurce/
n10http://linked.opendata.cz/resource/domain/vavai/projekt/
n16http://linked.opendata.cz/resource/domain/vavai/subjekt/
n14http://linked.opendata.cz/resource/domain/vavai/vysledek/RIV%2F61989100%3A27510%2F12%3A86079551%21RIV13-GA0-27510___/
n9http://linked.opendata.cz/ontology/domain/vavai/
shttp://schema.org/
n4http://linked.opendata.cz/ontology/domain/vavai/riv/
skoshttp://www.w3.org/2004/02/skos/core#
n2http://linked.opendata.cz/resource/domain/vavai/vysledek/
rdfhttp://www.w3.org/1999/02/22-rdf-syntax-ns#
n5http://linked.opendata.cz/ontology/domain/vavai/riv/klicoveSlovo/
n12http://linked.opendata.cz/ontology/domain/vavai/riv/duvernostUdaju/
xsdhhttp://www.w3.org/2001/XMLSchema#
n18http://linked.opendata.cz/ontology/domain/vavai/riv/jazykVysledku/
n6http://linked.opendata.cz/ontology/domain/vavai/riv/aktivita/
n19http://linked.opendata.cz/ontology/domain/vavai/riv/druhVysledku/
n17http://linked.opendata.cz/ontology/domain/vavai/riv/obor/
n15http://reference.data.gov.uk/id/gregorian-year/

Statements

Subject Item
n2:RIV%2F61989100%3A27510%2F12%3A86079551%21RIV13-GA0-27510___
rdf:type
n9:Vysledek skos:Concept
dcterms:description
This paper describes the impact of selected domestic and external shocks on selected macroeconomic variables in the Czech economy. For this purpose a long-run macroeconomic model of a small open economy developed by Garratt, Lee, Pesaran and Shin (2006) has been modified and estimated. A macroeconomic core model includes five long-run relationships (the relative purchasing power parity, the real money market equilibrium condition, the output gap, the interest rate parity and the interest rate relationship – Fisher inflation parity). It is estimated through a structural cointegrating vector error correction model using data covering the period 1996q1 – 2010q4. We identify the long-run structure of the Czech economy and study the effects of domestic supply, demand and also monetary shocks. The external exchange rate shocks are also studied. The effects of these shocks were investigated for selected macroeconomic variables (domestic interest rate, domestic output, domestic monetary demand and exchange rate). The results of general impulse response functions (GIRF) analysis have showed the occurrence of price puzzle as an short-run phenomena and we reject the evidence of the exchange rate puzzle. This paper describes the impact of selected domestic and external shocks on selected macroeconomic variables in the Czech economy. For this purpose a long-run macroeconomic model of a small open economy developed by Garratt, Lee, Pesaran and Shin (2006) has been modified and estimated. A macroeconomic core model includes five long-run relationships (the relative purchasing power parity, the real money market equilibrium condition, the output gap, the interest rate parity and the interest rate relationship – Fisher inflation parity). It is estimated through a structural cointegrating vector error correction model using data covering the period 1996q1 – 2010q4. We identify the long-run structure of the Czech economy and study the effects of domestic supply, demand and also monetary shocks. The external exchange rate shocks are also studied. The effects of these shocks were investigated for selected macroeconomic variables (domestic interest rate, domestic output, domestic monetary demand and exchange rate). The results of general impulse response functions (GIRF) analysis have showed the occurrence of price puzzle as an short-run phenomena and we reject the evidence of the exchange rate puzzle.
dcterms:title
The effects of domestic and external shocks on a small open country: the evidence from the Czech Economy The effects of domestic and external shocks on a small open country: the evidence from the Czech Economy
skos:prefLabel
The effects of domestic and external shocks on a small open country: the evidence from the Czech Economy The effects of domestic and external shocks on a small open country: the evidence from the Czech Economy
skos:notation
RIV/61989100:27510/12:86079551!RIV13-GA0-27510___
n9:predkladatel
n16:orjk%3A27510
n4:aktivita
n6:P
n4:aktivity
P(GA402/08/1015)
n4:cisloPeriodika
2
n4:dodaniDat
n15:2013
n4:domaciTvurceVysledku
n11:7642385
n4:druhVysledku
n19:J
n4:duvernostUdaju
n12:S
n4:entitaPredkladatele
n14:predkladatel
n4:idSjednocenehoVysledku
133438
n4:idVysledku
RIV/61989100:27510/12:86079551
n4:jazykVysledku
n18:eng
n4:klicovaSlova
long-run relationships; monetary shocks; general impulse response functions; external shocks; exchange rate shocks; Czech economy; cointegrating VAR model; domestic shocks
n4:klicoveSlovo
n5:external%20shocks n5:monetary%20shocks n5:domestic%20shocks n5:cointegrating%20VAR%20model n5:Czech%20economy n5:general%20impulse%20response%20functions n5:long-run%20relationships n5:exchange%20rate%20shocks
n4:kodStatuVydavatele
US - Spojené státy americké
n4:kontrolniKodProRIV
[832E98B9584D]
n4:nazevZdroje
INTERNATIONAL JOURNAL OF MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES
n4:obor
n17:AH
n4:pocetDomacichTvurcuVysledku
1
n4:pocetTvurcuVysledku
1
n4:projekt
n10:GA402%2F08%2F1015
n4:rokUplatneniVysledku
n15:2012
n4:svazekPeriodika
6
n4:tvurceVysledku
Hančlová, Jana
s:issn
1998-0140
s:numberOfPages
10
n7:organizacniJednotka
27510