TVRZ, Stanislav and Osvald VAŠÍČEK. Nonlinear DSGE model of the Slovak economy with time-varying parameters. In Marian Reiff, Pavel Gežík. Proceedings of the International Scientific Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XVII. Bratislava: Vydavateľstvo EKONÓM, 2014, p. 292-297. ISBN 978-80-225-3868-8.
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Basic information
Original name Nonlinear DSGE model of the Slovak economy with time-varying parameters
Authors TVRZ, Stanislav (203 Czech Republic, guarantor, belonging to the institution) and Osvald VAŠÍČEK (203 Czech Republic, belonging to the institution).
Edition Bratislava, Proceedings of the International Scientific Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XVII, p. 292-297, 6 pp. 2014.
Publisher Vydavateľstvo EKONÓM
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50200 5.2 Economics and Business
Country of publisher Slovakia
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
WWW URL
RIV identification code RIV/00216224:14560/14:00075728
Organization unit Faculty of Economics and Administration
ISBN 978-80-225-3868-8
UT WoS 000350272000047
Keywords in English nonlinear DSGE model; Great recession; monetary union; time-varying parameters; deep parameters; nonlinear particle filter; unscented particle filter
Tags International impact, Reviewed
Changed by Changed by: Mgr. Daniela Marcollová, učo 111148. Changed: 3/4/2015 15:36.
Abstract
In this paper, we study the changes in the structure and behaviour of the Slovak economy in a period of the accession to the euro area and the Great recession and subsequent return to the long-run equilibrium. This small and very open economy is represented by nonlinear dynamic stochastic model of a general equilibrium with financial accelerator. The development of time-varying structural parameters is identified with the use of nonlinear particle filter. It is out goal to identify the most important changes in behaviour and underlying structure of the Slovak economy. We also try to determine to what extent was the recent development of the Slovak economy influenced by fluctuating exogenous shocks and what was the relevance of the structural changes.
Links
MUNI/A/0808/2013, interní kód MUName: Analýza chování ekonomiky a hospodářské politiky v období recese: DSGE modely malých otevřených ekonomik s finančními frikcemi a frikcemi trhu práce (Acronym: DSGE modely otevřených ekonomik v období recese)
Investor: Masaryk University, Category A
PrintDisplayed: 6/10/2024 10:10