Showing 1 - 10 of 117
Persistent link: https://www.econbiz.de/10002136190
Persistent link: https://www.econbiz.de/10001483957
Persistent link: https://www.econbiz.de/10009532635
Persistent link: https://www.econbiz.de/10003219985
Many economic studies address the issue of behavior of a single representative agent or a firm. Therefore, it is important to study what happens if we aggregate the agents/firms, do they keep the same behavior patterns? The aim of this study is to construct a macroeconomic model that deals with...
Persistent link: https://www.econbiz.de/10015262892
The efficiency of macroeconomic policies depends on adequate business cycle approximation. Given that potential output and the output gap (the difference between actual and potential output) are not directly observable, their values need to be estimated using alternative statistical, structural,...
Persistent link: https://www.econbiz.de/10005036672
The transformation of the world economy over the past two decades has been manifesting itself in various forms. On the … one hand, there is an increasing interdependence of the world economy, which is a manifestation of the depth of the … liberalization of the world economy. On the other hand, there is an increasing scale of contagion effects, where a crisis in one …
Persistent link: https://www.econbiz.de/10008500692
In this paper the authors try to measure production gap in the Czech Republic and, consequently, non-accelerating inflation product (NAIP) as an approximation of potential product. NAIP is treated as an unobservable variable, to which an augmented Phillips curve plays a key role in its...
Persistent link: https://www.econbiz.de/10008495652
Úspìch cílování inflace spoèívá v systematické reakci mìnové politiky na významnìjší poruchy. K zajištìní systémového chování musí být monetární politika explicitnì založena na støednìdobém makroekonomickém rámci s dopøedu hledícím transmisním mechanizmem....
Persistent link: https://www.econbiz.de/10008495819
Slovak Republic entered the ERM II in the end of 2005 whereby it came nearer to its strategic objective - joining the euro area. In this paper we try to answer two questions. Section 1 examines the features and risks of the EMU. Is EMU an optimum currency area and what is the OCA scorecard of...
Persistent link: https://www.econbiz.de/10008754964