Functional Signal plus Noise (FSN) time series models are introduced for the econometric analysis of the dynamics of a large cross-section of prices in which contemporaneous observations are functionally related. A semiparametric FSN model is developed in which a smooth, cubic spline signal...

Za posledné desaťročia sa v našich podmienkach výrazne plynofikovalo a plyn sa stal hlavnou energetickou surovinou, jednak na výrobu tepla, ale aj elektrickej energie. Pôvodne lacná surovina, no v ostatných rokoch cena prudko rastie, aj preto že kopíruje cenu ropy, ktorej vývoj je...

This paper presents cointegration analyses of the import and export functions of the Czech Republic in 1993-1998 by identifying the main variable factors and estimating the long-run equilibrium relationship of Czech foreign trade functions. A long-run equilibrium relationship was found in the...

The article presents opinions of full-time students of Slovak business and economic faculties on the European Union (EU) and its subsidies into the agriculture, on the Slovak Republic accession to the EU and its economic effects. There was a research conducted in 2003, 2004 and 2005 on a sample...

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...

This paper aims at constructing a model of a small open economy of the Slovak Republic. In essence, the model represents a synthesis of already published modifications of the Mundell - Fleming type of models, describing the market of goods and services in interaction with the money market and...

In this paper we analyze the dynamic conditional correlations between CEE stock markets (also known as countries from Vysehrad Group - V4) and developed European stock markets, with German DAX utilized as a benchmark. Our methodology is based on the DCC MV-GARCH approach. It is shown that the...