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@inproceedings{1186261, author = {Tvrz, Stanislav and Vašíček, Osvald}, address = {Bratislava}, booktitle = {Proceedings of the International Scientific Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XVII}, editor = {Marian Reiff, Pavel Gežík}, keywords = {nonlinear DSGE model; Great recession; monetary union; time-varying parameters; deep parameters; nonlinear particle filter; unscented particle filter}, howpublished = {tištěná verze "print"}, language = {eng}, location = {Bratislava}, isbn = {978-80-225-3868-8}, pages = {292-297}, publisher = {Vydavateľstvo EKONÓM}, title = {Nonlinear DSGE model of the Slovak economy with time-varying parameters}, url = {http://kove.euba.sk}, year = {2014} }
TY - JOUR ID - 1186261 AU - Tvrz, Stanislav - Vašíček, Osvald PY - 2014 TI - Nonlinear DSGE model of the Slovak economy with time-varying parameters PB - Vydavateľstvo EKONÓM CY - Bratislava SN - 9788022538688 KW - nonlinear DSGE model KW - Great recession KW - monetary union KW - time-varying parameters KW - deep parameters KW - nonlinear particle filter KW - unscented particle filter UR - http://kove.euba.sk N2 - 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. ER -
TVRZ, Stanislav and Osvald VAŠÍČEK. Nonlinear DSGE model of the Slovak economy with time-varying parameters. In Marian Reiff, Pavel Gežík. \textit{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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