Senaj, Matus; Vyskrabka, Milan; Zeman, Juraj - Národná Banka Slovenska - 2010
In this paper, the Bayesian method together with the calibration approach is used to parameterise the DSGE model. We present a medium-scale two-country model. Parameters controlling the steady state of the model are calibrated in order to match the ratios of a few selected variables to their...