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Persistent link: https://www.econbiz.de/10002141577
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
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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...
Persistent link: https://www.econbiz.de/10005036624
developed in which a smooth, cubic spline signal function is used to approximate the price curve data. Estimation may then be … and their intercepts (i.e. the immediate price impacts of market orders) are well described by covariance stationary … parametric FSN models that take into account the monotonicity of the price curves and can be used to form predictive …
Persistent link: https://www.econbiz.de/10005687558
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...
Persistent link: https://www.econbiz.de/10008564639
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
, possible obstacles on this uneasy way and the connection between income level, price level and real convergence are analysed at …
Persistent link: https://www.econbiz.de/10008754964
V čase, keď sa globálna ekonomika ocitá v problémoch s klesajúcim ekonomickým rastom a rastúcou infláciou, pokračuje ďalšie rozširovanie členskej základne eurozóny. Globálna nerovnováha sa prejavuje aj na európskom finančnom trhu. Euro sa zhodnocuje oproti americkému...
Persistent link: https://www.econbiz.de/10008683373
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