Arbeitspapier
A calibrated structural model of the Czech economy
The paper presents a structural model framework for a small open economy.The model, based on optimising households and firms, has been calibrated on Czech macroeconomic data in order to develop an analytic framework suitable for analysing key policy questions related to the Czech Republic s anticipated EMU accession.In order to be able to use the model for assessing both pre- and post-accession policy issues, two versions of the model fixed and flexible exchange rate versions were developed.The suitability of the two alternative models for policy analysis was subsequently tested on a series of impulse response exercises.The dynamic responses of the two models to selected shocks and policy experiments are plausible.Hence these results suggest that the presented analytic framework can serve as a good starting point for analysing complex policy issues facing the Czech Republic.
- ISBN
-
952-462-110-X
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Finland Discussion Papers ; No. 35/2003
- Klassifikation
-
Wirtschaft
Monetary Policy
Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy: General (includes Measurement and Data)
Price Level; Inflation; Deflation
Open Economy Macroeconomics
- Thema
-
monetary policy
monetary union
EMU accession
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hlédik, Tibor
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland
- (wo)
-
Helsinki
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hlédik, Tibor
- Bank of Finland
Entstanden
- 2003
Ähnliche Objekte (12)
Testing the structural interpretation of the price puzzle with a cost channel model
Robust expectations and uncertain models: a robust contol approach with application to the new Keynesian economy
Essays on small open economy macroeconomics
Structural reform in New Zealand: A review
Housing market and current account imbalances in the international economy
Financial markets in the BOF4 model of the Finnish economy
How does domestic and foreign money growth affect the U.S. economy?
Modelling a small open economy using a wavelet-based control model
Nowcasting the Finnish economy with a large Bayesian vector autoregressive model
Macroeconomic effects of European integration on the Finnish economy: A simulation study
Estimating open economy Phillips curves for the euro area with directly measured expectations
Equilibrium dynamics under lump-sum taxation in an exchange economy with skewed endowments
Testing the structural interpretation of the price puzzle with a cost channel model
Robust expectations and uncertain models: a robust contol approach with application to the new Keynesian economy
Essays on small open economy macroeconomics
Structural reform in New Zealand: A review
Housing market and current account imbalances in the international economy
Financial markets in the BOF4 model of the Finnish economy
How does domestic and foreign money growth affect the U.S. economy?
Modelling a small open economy using a wavelet-based control model
Nowcasting the Finnish economy with a large Bayesian vector autoregressive model
Macroeconomic effects of European integration on the Finnish economy: A simulation study
Estimating open economy Phillips curves for the euro area with directly measured expectations
Equilibrium dynamics under lump-sum taxation in an exchange economy with skewed endowments
Testing the structural interpretation of the price puzzle with a cost channel model
Robust expectations and uncertain models: a robust contol approach with application to the new Keynesian economy
Essays on small open economy macroeconomics
Structural reform in New Zealand: A review
Housing market and current account imbalances in the international economy
Financial markets in the BOF4 model of the Finnish economy
How does domestic and foreign money growth affect the U.S. economy?
Modelling a small open economy using a wavelet-based control model
Nowcasting the Finnish economy with a large Bayesian vector autoregressive model
Macroeconomic effects of European integration on the Finnish economy: A simulation study
Estimating open economy Phillips curves for the euro area with directly measured expectations