Detailed Information on Publication Record
2013
Real-time versus revised Czech data: a DSGE analysis
ČAPEK, JanBasic information
Original name
Real-time versus revised Czech data: a DSGE analysis
Authors
ČAPEK, Jan (203 Czech Republic, guarantor, belonging to the institution)
Edition
1. vyd. Jihlava, Proceedings of 31th International Conference Mathematical Methods in Economics, p. 107-112, 6 pp. 2013
Publisher
College of Polytechnics Jihlava
Other information
Language
English
Type of outcome
Stať ve sborníku
Field of Study
50200 5.2 Economics and Business
Country of publisher
Czech Republic
Confidentiality degree
není předmětem státního či obchodního tajemství
Publication form
storage medium (CD, DVD, flash disk)
RIV identification code
RIV/00216224:14560/13:00069553
Organization unit
Faculty of Economics and Administration
ISBN
978-80-87035-76-4
UT WoS
000335578000019
Keywords in English
real-time data; data revision; recursive estimate; DSGE model
Tags
International impact, Reviewed
Změněno: 19/11/2014 11:08, doc. Ing. Jan Čapek, Ph.D.
Abstract
V originále
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.
