D 2004

Application of the constrained Kalman filter in a monetary policy area

VAŠÍČEK, Osvald and Stanislav DAVID

Basic information

Original name

Application of the constrained Kalman filter in a monetary policy area

Name in Czech

Aplikace Kalmanova filtru s omezením v oblasti monetární politiky

Authors

VAŠÍČEK, Osvald and Stanislav DAVID

Edition

Brno, Summer School Datastat03 ,Proceedings, Folia Fac.Sci.Nat.Univ.Masaryk.Brunensis,Mathematica 15, p. 67-76, 10 pp. 2004

Publisher

Masaryk University

Other information

Language

English

Type of outcome

Proceedings paper

Field of Study

50200 5.2 Economics and Business

Country of publisher

Czech Republic

Confidentiality degree

is not subject to a state or trade secret

RIV identification code

RIV/00216224:14560/04:00011487

Organization unit

Faculty of Economics and Administration

ISBN

80-210-3564-1

Keywords in English

Iterative Kalman Filter Smoother; state constraints; estimation
Changed: 31/5/2005 12:38, Ing. Stanislav David

Abstract

In the original language

Iterative Kalman Filter Smoother is used to estimate states of the dynamic system. This paper presents an analytic method of incorporating state constraints into the Kalman Filter as it was researched by Dan Simon, Donald L. Simon and Tien Li Chia. This extension of the Kalman Filter has various applications. The presented macroeconomic application successfully demonstrates the effectiveness of these methods.

In Czech

Iterační Kalmanův filtr vyhlazovač je použit k odhadu stavů dynamického systému. Tento článek prezentuje analytickou metodu, jak do Kalmanova filtru přidat omezení stavů. Tuto metodu vyvinul Dan Simon, Donald L. Simon a Tien Li Chia. Toto rozšíření Kalmanova Filteru má různé použití. V článku je na makroekonomické aplikaci úspěšně prezentována efektivita této metody.

Links

GA402/02/0393, research and development project
Name: Vliv monetární politiky a vnějších šoků na malou otevřenou ekonomiku
Investor: Czech Science Foundation, Effect of monetary policy and exogenous shocks on a small open economy