A Small Continuous Time Macro-Econometric Model of the Czech Republic

Stavrev, Emil (July 2000) A Small Continuous Time Macro-Econometric Model of the Czech Republic. Reihe Transformationsökonomie / Transition Economics Series 18

[img]
Preview
Text
te-18.pdf

Download (396kB) | Preview

Abstract or Table of Contents

Abstract: In this paper we estimate a continuous time macro-econometric model of the Czech economy. The model is built as a system of twelve non-linear differential equations. We illustrate how the model can be used to determine the nominal equilibrium exchange rate of the Czech koruna in a macro-economic framework. The paper also investigates the effectiveness of monetary and fiscal policies in the presence of a fixed exchange rate regime and massive capital inflows. The search for an equilibrium point is outlined and stability and sensitivity analyses are provided, along with in-sample static and dynamic predictions with the approximate discrete analogue.;

Item Type: IHS Series
Keywords: 'Macro-econometric model' 'Nominal equilibrium exchange rate' 'Effectiveness of monetary and fiscal policies'
Classification Codes (e.g. JEL): C51, C52, C53, E17, E50
Status: Published
Date Deposited: 26 Sep 2014 10:37
Last Modified: 01 Apr 2016 14:11
URI: http://irihs.ihs.ac.at/id/eprint/1275

Actions (login required)

View Item View Item