Publication details
Economic Development of Visegrad Countries: Macroeconomic DSGE Models
| Authors | |
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| Year of publication | 2007 |
| MU Faculty or unit | |
| Citation | |
| Description | The paper deals with the analysis of the cash-in-advance dynamic stochastic general equilibrium macroeconomic model for Visegrad countries and the Euro Area. The model is derived from micro foundations and estimated with Markov Chain Metropolis-Hastings algorithm on the real data of 5 analyzed economies. The analysis of estimated structural parameters and their comparison between model economies is carried out on the basis of estimation results. Model behavior is analyzed on the basis of impulse response functions. |
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