Monetární DSGE modely zemí Visegrádské čtyřky a Eurozóny

Title in English Monetary DSGE Models for the Visegrad countries and the Euro area

VAŠÍČEK Osvald SLANÝ Antonín a kol. POLANSKÝ Jiří

Year of publication 2007
Type Chapter of a book
MU Faculty or unit

Faculty of Economics and Administration

Description The chapter deals with the analysis of the cash-in-advance dynamic stochastic general equilibrium macroeconomic model for Visegrad countries and the Euro Area. The model is derived from micro foundations and estimated with Markov Chain Metropolis-Hastings algorithm on the real data of 5 analyzed economies. The analysis of estimated structural parameters and their comparison between model economies is carried out on the basis of estimation results. Model behavior is analyzed on the basis of impulse response functions.
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