Publication details
Bayesian Estimation of a Comprehensive Small Open Economy Model on the Czech Data
| Authors | |
|---|---|
| Year of publication | 2011 |
| Type | Article in Proceedings |
| Conference | Proceedings of the 29th International Conference on Mathematical Methods of Economics 2011 |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | DSGE models; Bayesian methods |
| Description | The contribution deals with the development and Bayesian estimation of the SOE model suitable for Czech data based analyses. The model follows recent development in monetary New Keynesian DSGE models and is extended with several technology processes to fit Czech stylized facts. The model is thus sufficiently rich and general for time varying parameters estimations and non-linear filtrations. The second part of the contribution presents results of the Bayesian estimation of the model. Estimations of such complex models on Czech data are not usual in the literature, and we thus believe that such results might be informative. |
| Related projects: |