National Repository of Grey Literature 7 records found  Search took 0.00 seconds. 
A Macroeconomic Forecasting Model of the fixed exchange rate regime for the oil-rich Kazakh economy
Hlédik, Tibor ; Musil, Karel ; Ryšánek, Jakub ; Tonner, Jaromír
This paper presents a semi-structural quarterly projection open-economy model for analyzing monetary policy transmission and macroeconomic developments in Kazakhstan during the period of the fixed exchange rate regime. The model captures key stylized facts of the Kazakh economy, especially the important role of oil prices in influencing the economic cycle in Kazakhstan. The application of the model to observed data provides a reasonable interpretation of Kazakh economic history, including the global crisis, through to late 2015, when the National Bank of Kazakhstan introduced a managed float. The dynamic properties of the model are analyzed using impulse response functions for selected country-specific shocks. The model’s shock decomposition and in-sample forecasting properties presented in the paper suggest that the model was an applicable tool for monetary policy analysis and practical forecasting at the National Bank of Kazakhstan. In a general sense, the model can be considered an example of a quarterly projection model for oil-rich countries with a fixed exchange rate.
Fulltext: Download fulltextPDF
Effects of Fiscal Policy in the DSGE-VAR Framework: The Case of the Czech Republic
Babecký, Jan ; Franta, Michal ; Ryšánek, Jakub
In this paper we explore the potential of the DSGE-VAR modelling approach for examining the effects of fiscal policy. The combination of the VAR and DSGE frameworks leads theoretically to more accurate estimates of impulse responses and consequently of fiscal multipliers. Moreover, the framework allows for discussion about the differences of the effects of fiscal shocks in DSGE and VAR models and to some extent discussion about misspecification in fiscal DSGE models. The DSGE-VAR model is estimated on Czech data covering the period from 1996 to 2011 at quarterly frequency. The government consumption multiplier attains a value close to 0.4 at the horizon of four years. The public investment multiplier is about 0.4 higher, which confirms findings in the literature. On the other hand, the DSGE model alone implies a similar government consumption multiplier but a much lower public investment multiplier, suggesting misspecification of the fiscal DSGE model.
Fulltext: Download fulltextPDF
Facilities of discgolf course
Ryšánek, Jakub ; Šobrová, Zdena (referee) ; Utíkalová, Ivana (advisor)
This thesis details the building desingn blueprints and associated project documentation for a facilities of discgolf course in the town Nový Jičín. The building consists of 2 floors. In the first fool there is reception with cloakrooms and restaurant. The second floor contains office of club management and club-room.
Superior detached house
Ryšánek, Jakub ; Jarošová, Petra (referee) ; Utíkalová, Ivana (advisor)
This thesis deals with detached two-storey building with 1 apartment unit, staffed in sloping terrain in the administrative territory of Nový Jičín. The building is roofed by arch and green roof at different levels and is luxuriously equipped with an indoor swimming pool and sauna.
Assessing the Impact of Fiscal Measures on the Czech Economy
Ambriško, Róbert ; Babecký, Jan ; Ryšánek, Jakub ; Valenta, Vilém
We build a satellite DSGE model to investigate the transmission of fiscal policy to the real economy in the Czech Republic. Our model shares features of the Czech National Bank’s current g3 forecasting model (Andrle, Hl´edik, Kamen´ık, and Vlˇcek, 2009), but contains a more comprehensive fiscal sector. Crucial fiscal parameters, related mainly to the specified fiscal rule, are estimated using Bayesian techniques. We calculate a set of fiscal multipliers for individual revenue and expenditure items of the government budget. We find that the largest real GDP fiscal multipliers in the first year are associated with government investment (0.4) and social security contributions paid by employers (0.3), followed by government consumption (0.2).
Fulltext: Download fulltextPDF
Monetary policy implications of financial frictions in the Czech republic
Ryšánek, Jakub ; Tonner, Jaromír ; Vašíček, Osvald
As the global economy seems to be recovering from the 2009 financial crisis, we find it desirable to look back and analyze the Czech economy ex post. We work with a Swedish New Keynesian model of a small open economy which embeds financial frictions in light of the financial accelerator literature.
Fulltext: Download fulltextPDF
Modelling the transmission mechanism of monetary policy in the CR
Ryšánek, Jakub ; Hušek, Roman (advisor) ; Pánková, Václava (referee)
Tato diplomová práce se zabývá modelováním transmisního mechanismu v ČR. Hlavním cílem je zmapovat časovou strukturu reakcí makroekonomických veličin na izolované exogenní šoky při použití modelů vektorové autoregrese (VAR). Pro analýzu VAR modelů pomocí simulace Monte Carlo byla vytvořena aplikace fungující v prostředí Matlabu.

See also: similar author names
4 Ryšánek, Jan
Interested in being notified about new results for this query?
Subscribe to the RSS feed.