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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