Bayesian Estimation of a Comprehensive Small Open Economy Model on the Czech Data

Varování

Publikace nespadá pod Filozofickou fakultu, ale pod Ekonomicko-správní fakultu. Oficiální stránka publikace je na webu muni.cz.

Autoři	TONNER Jaromír POLANSKÝ Jiří VAŠÍČEK Osvald
Rok publikování	2011
Druh	Článek ve sborníku
Konference	Proceedings of the 29th International Conference on Mathematical Methods of Economics 2011
Fakulta / Pracoviště MU	Ekonomicko-správní fakulta
Citace
Obor	Ekonomie
Klíčová slova	DSGE models; Bayesian methods
Popis	The contribution deals with the development and Bayesian estimation of the SOE model suitable for Czech data based analyses. The model follows recent development in monetary New Keynesian DSGE models and is extended with several technology processes to fit Czech stylized facts. The model is thus sufficiently rich and general for time varying parameters estimations and non-linear filtrations. The second part of the contribution presents results of the Bayesian estimation of the model. Estimations of such complex models on Czech data are not usual in the literature, and we thus believe that such results might be informative.
Související projekty:	Centrum výzkumu konkurenční schopnosti české ekonomiky