Hurník, Jaromír; Kameník, Ondøej; Vlèek, Jan - In: Czech Journal of Economics and Finance (Finance a uver) 58 (2008) 09-10, pp. 454-469
Using a dynamic general equilibrium model calibrated for the Czech Republic, we first estimate the impact of structural shocks on the observed realizations of the interest rate and inflation, while the main focus is put on the estimation of monetary policy shocks. These occur whenever monetary...