Rysanek, Jakub; Tonner, Jaromir; Tvrz, Stanislav; … - In: Czech Journal of Economics and Finance (Finance a uver) 62 (2012) 5, pp. 413-429
Having witnessed the consequences of the financial crisis for the real economy, 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...