| DAVID, Stanislav a Osvald VAŠÍČEK. Analysis of the open macroeconomy model with rational expectations. Bulletin České ekonometrické společnosti. Praha: Česká ekonometrická společnost, 2004, vol. 11, č. 20, s. 67-80, 17 s. ISSN 1212-074X. |
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@article{556309,
author = {David, Stanislav and Vašíček, Osvald},
article_location = {Praha},
article_number = {20},
keywords = {Macroeconomic model; stability; zeros and poles; rational expectations},
language = {eng},
issn = {1212-074X},
journal = {Bulletin České ekonometrické společnosti},
title = {Analysis of the open macroeconomy model with rational expectations},
volume = {vol. 11},
year = {2004}
}
TY - JOUR
ID - 556309
AU - David, Stanislav - Vašíček, Osvald
PY - 2004
TI - Analysis of the open macroeconomy model with rational expectations
JF - Bulletin České ekonometrické společnosti
VL - vol. 11
IS - 20
SP - 67-80
EP - 67-80
PB - Česká ekonometrická společnost
SN - 1212074X
KW - Macroeconomic model
KW - stability
KW - zeros and poles
KW - rational expectations
N2 - The article focuses on the multiple-equations closed-economy macroeconomic model to illustrate the impact of the rational expectation hypothesis. The first stage of the analysis introduces a theoretical model. It contains Phillips curve, IS curve and Taylor policy rule. The second stage of the analysis estimates the states and parameters of the model on the quarterly data of the Czech economy. The third stage of the analysis focuses on the theoretical approach, how to compute rational expectations. In the final stage, the article demonstrates implications of the hypothesis through the response of the model. This shows response on the outputs of the macroeconomic model to anticipated and unanticipated shocks.
ER -
DAVID, Stanislav a Osvald VAŠÍČEK. Analysis of the open macroeconomy model with rational expectations. \textit{Bulletin České ekonometrické společnosti}. Praha: Česká ekonometrická společnost, 2004, vol. 11, č.~20, s.~67-80, 17 s. ISSN~1212-074X.
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