Publication details

Dynamická stabilita makroekonomického systému

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Title in English Dynamic Stability of a Macroeconomic System
Authors

VAŠÍČEK Osvald DAVID Stanislav

Year of publication 2003
Type Article in Proceedings
Conference Kvantitatívne metódy v ekonómii-kompatibilita metodológie a praxe s podmienkami Európskej únie
MU Faculty or unit

Faculty of Economics and Administration

Citation
Field Economy
Keywords Makroekonomický model;stabilita a impulsní odezva modelu
Description This paper uses a New Keynesian closed-economy macroeconomic model to illustrate relations within economy. The parameters and states system are estimated using the Iterative Kalman Filter Smoother. The transfer of the system an the responses to impulses and random shocks are used to examine dynamical stability. Important conclusion about monetary stabilization is reached due to an analysis of eigenvalues representing zeros and poles of the system.
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