Horvath, Roman - Institut ekonomických studií, Univerzita Karlova v Praze - 2007
This paper examines policy neutral rate in real time for the Czech Republic in 2001:1-2006:09 estimating various … timevarying parameter model with endogenous regressors to evaluate the fluctuations of policy neutral rate over time. The results …) developments. The estimated parameters seem to sustain the equilibrium determinacy. We find that the policy neutral rate gradually …