Počet záznamů: 1  

Evaluating the performance of an estimated DSGE model for the Czech economy

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    $7 hk_us_auth*0092916 $a Pápai, Adam $4 aut
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    $a Evaluating the performance of an estimated DSGE model for the Czech economy / $c Adam Pápai
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    $a This paper investigates the behaviour of the Czech economy using a new Keynesian dynamic stochastic general equilibrium model for a small open economy. The goal is to assess the degree of rigidities in the Czech labour market. To achieve this goal, we estimate a model containing labour market frictions in form of search and matching processes, vacancy creation costs and wage adjustment costs. Furthermore, we evaluate the model’s ability to capture the development of the observed variables in the examined period from 1999Q1 to 2015Q2. We compute conditional forecasts and stochastic simulations, which are then used for moment and correlation comparisons and calculation of the Beveridge curve. Our findings suggest, that there are some frictions in the Czech economy. According to our results, the model performed partially well.
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    $7 hk_us_auth*m0034988 $a ekonomika $z Česko
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    $7 hk_us_auth*0071872 $a makroekonomická analýza $z Česko $y 1999-2015 $2 czenas
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    $7 hk_us_auth*0014377 $a ekonomicko-matematické modely $z Česko $y 1999-2015
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    $7 hk_us_auth*0008276 $a články ze sborníku
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    $w hk_us_cat*0041547 $a Hradecké ekonomické dny $t Hradec Economic Days $h 411 s. $d Hradec Králové: University of Hradec Králové, 2016 $x 2464-6059 $z 978-80-7435-634-6 $7 m2am $g S. 308-315 (tištěný sborník), s. 763-770 (online zdroj)
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    $u http://fim2.uhk.cz/hed/data/proceedings_2016_1.pdf $y Elektronická verze
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Počet záznamů: 1