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@inproceedings{1124348, author = {Čapek, Jan}, address = {Jihlava}, booktitle = {Proceedings of 31th International Conference Mathematical Methods in Economics}, edition = {1}, keywords = {real-time data; data revision; recursive estimate; DSGE model}, howpublished = {paměťový nosič}, language = {eng}, location = {Jihlava}, isbn = {978-80-87035-76-4}, pages = {107-112}, publisher = {College of Polytechnics Jihlava}, title = {Real-time versus revised Czech data: a DSGE analysis}, year = {2013} }
TY - JOUR ID - 1124348 AU - Čapek, Jan PY - 2013 TI - Real-time versus revised Czech data: a DSGE analysis PB - College of Polytechnics Jihlava CY - Jihlava SN - 9788087035764 KW - real-time data KW - data revision KW - recursive estimate KW - DSGE model N2 - The paper investigates the effects of using real-time data instead of revised final data within Dynamic Stochastic General Equilibrium (DSGE) framework. Theoretically, using most recent, updated historical data for ex-post analyses for a historical time-sample may be misleading, because revised data were not available at that time. The contribution uses a small-scale monetary macroeconomic DSGE model to analyze the importance of real-time data compared to most-recent revised data with a focus on the differences in decision-making of the monetary authority. The analysis proceeds from Bayesian estimation of model parameters in a model with real-time data and in a model with the most recent revised data. ER -
ČAPEK, Jan. Real-time versus revised Czech data: a DSGE analysis. In \textit{Proceedings of 31th International Conference Mathematical Methods in Economics}. 1. vyd. Jihlava: College of Polytechnics Jihlava, 2013, s.~107-112. ISBN~978-80-87035-76-4.
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