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An economy in transition and DSGE: What the Czech national bank's new projection model needs
Beneš, Jaromír ; Hlédik, Tibor ; Kumhof, Michael ; Vávra, David
This paper documents the advances in the ongoing research aimed at developing a DSGE small open economy model designed to capture some of the most important features of the Czech economy—both the business-cycle regularities and the recent developments associated with the economy’s transition and its convergence towards the industrialized European countries. The model in its current form is able to capture trends in relative prices, allow for medium-convergence in expenditure shares, and deal with the undercapitalization and investment inflow issues.
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Eigenvalue decomposition of time series with application to the Czech business cycle
Beneš, Jaromír ; Vávra, David
The writers follow a Beveridge-Nelson like time series decomposition method (into trend, business cycle and irregular components), and examine a stylized model of price inflation determination using the Czech data. They characterize the estimated components of CPI, IPPI and import inflations, together with the real production wage and real output, and survey their basic correlation properties.
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National Repository of Grey Literature : 13 records found   previous11 - 13  jump to record:
See also: similar author names
46 BENEŠ, Jan
3 BENEŠ, Jaromír
45 BENEŠ, Jiří
5 BENEŠ, Jonáš
18 BENEŠ, Josef
2 Beneš, J.
8 Beneš, Jakub
46 Beneš, Jan
1 Beneš, Jan Matyáš
9 Beneš, Jaroslav
2 Beneš, Jindřich
45 Beneš, Jiří
5 Beneš, Jonáš
18 Beneš, Josef
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