Other formats:
BibTeX
LaTeX
RIS
@inproceedings{1232618,
author = {Tvrz, Stanislav},
address = {Ostrava},
booktitle = {MEKON 2015: The CD of participants' reviewed papers from 17th international conference},
edition = {1.},
editor = {Milan Kaštan},
keywords = {DSGE model; Great Recession; financial frictions; financial accelerator},
howpublished = {paměťový nosič},
language = {eng},
location = {Ostrava},
isbn = {978-80-248-3684-3},
pages = {579-586},
publisher = {VŠB-TUO, Faculty of Economics},
title = {The Relevance of Financial Frictions in V4 Countries},
year = {2015}
}
TY - JOUR
ID - 1232618
AU - Tvrz, Stanislav
PY - 2015
TI - The Relevance of Financial Frictions in V4 Countries
PB - VŠB-TUO, Faculty of Economics
CY - Ostrava
SN - 9788024836843
KW - DSGE model
KW - Great Recession
KW - financial frictions
KW - financial accelerator
N2 - In this paper, the importance of the financial frictions in the countries of Visegrád Group is compared using a set of estimated DSGE models with financial accelerator. Results of the Bayesian estimation confirm the overall similarity of V4 economies, with some notable differences. According to the variance decomposition, the exogenous fluctuations of the entrepreneurial net worth can explain a substantial share of volatility of the main macroeconomic variables in the long run. The share of real output volatility explained by the net worth shock is estimated to be the highest in Hungary and lowest in the Czech economy.
ER -
TVRZ, Stanislav. The Relevance of Financial Frictions in V4 Countries. In Milan Kaštan. \textit{MEKON 2015: The CD of participants' reviewed papers from 17th international conference}. 1st ed. Ostrava: VŠB-TUO, Faculty of Economics, 2015. p.~579-586. ISBN~978-80-248-3684-3.
|
