"2"^^ . . . "RIV/00216224:14560/07:00020464!RIV10-GA0-14560___" . "Musil, Karel" . "A Partial Dynamic Stochastic General Equilibrium Model of the Czech Economy" . . . . "Ostrava" . "RIV/00216224:14560/07:00020464" . "Ostrava" . . . "2"^^ . "A Partial Dynamic Stochastic General Equilibrium Model of the Czech Economy"@en . . . . "A Partial Dynamic Stochastic General Equilibrium Model of the Czech Economy" . "Mathematical Methods in Economics 2007" . "New Keynesian DSGE model; partial model of the Czech economy; monetary policy; Taylor rule; inflation targeting; rational expectations; Bayesian estimation"@en . . "2007-01-01+01:00"^^ . . "P(1M0524), P(GA402/05/2172)" . "000262102500031" . . "The paper introduces a partial New Keynesian Dynamic Stochastic General Equilibrium (NK DSGE) model of the Czech economy. It is a closed economy model based on microeconomic foundations. The model consists of four representative agents. These are households (optimizing behavior contains habit formation in consumption), firms (forming a New Keynesian Phillips Curve as a result of Calvo style price policy), central bank (implementing monetary policy in accordance with a modified Taylor rule), and government (as an exogenous sector). For the estimation of the log linearized model is employed a Bayesian estimation technique. Estimated parameters are analyzed in a form of a description of their values and impulse response functions of a monetary policy shock. The model can be extended to a form of a two economy model (open economy model with endogenous foreign sector)."@en . "[72BA4DFBC637]" . . . "Vysok\u00E1 \u0161kola b\u00E1\u0148sk\u00E1 - Technick\u00E1 univerzita Ostrava. Ekonomick\u00E1 fakulta" . . "8"^^ . "978-80-248-1457-5" . . . "Va\u0161\u00ED\u010Dek, Osvald" . . . "408087" . . "The paper introduces a partial New Keynesian Dynamic Stochastic General Equilibrium (NK DSGE) model of the Czech economy. It is a closed economy model based on microeconomic foundations. The model consists of four representative agents. These are households (optimizing behavior contains habit formation in consumption), firms (forming a New Keynesian Phillips Curve as a result of Calvo style price policy), central bank (implementing monetary policy in accordance with a modified Taylor rule), and government (as an exogenous sector). For the estimation of the log linearized model is employed a Bayesian estimation technique. Estimated parameters are analyzed in a form of a description of their values and impulse response functions of a monetary policy shock. The model can be extended to a form of a two economy model (open economy model with endogenous foreign sector)." . . "A Partial Dynamic Stochastic General Equilibrium Model of the Czech Economy"@en . "14560" .