Weather conditions influence the health of humans. Changing weather patterns may also cause considerable increase or decrease in the number of deaths. In this paper, we use daily data for Prague, Czech Republic, and the maximum overlap discrete wavelet transform to explore the time scale...

By modifying and generalizing the wavelet-based approach of approximately simulating univariate long-memory processes that is available in the literature, we propose a methodology for simulating a bivariate stationary process, whose components exhibit different relationships at different scales....

An interesting approach to economic and financial time series forecasting consists of decomposing an input time series additively into several components, each component capturing the dynamics of a different frequency range. Consequently, each component is modelled and forecasted separately, the...

Percival and Walden (2002) present a wavelet methodology of the least squares estimation of the long memory parameter for fractionally differenced processes. We suggest that the general idea of using wavelets for estimating long memory could be used for the estimation of long memory in time...

New concepts have been presented in modelling of inflation dynamics recently, among others the New Keynesian Phillips curve (NKPC). There are several traditional ways of NKPC model validity testing, but none of them seems to be practically applicable in conditions of the Czech Republic. We tried...

The demand for money represents one of the most important components of the transmission mechanism. Its analysis plays an important role in the decision-making process of central banks dealing with monetary policies. This paper follows a post-Keynesian approach to the analysis of the demand for...

The paper is focused on selected factors influencing the money demand development in the Czech Republic from 1994 to 2000. The basic theoretical approaches to the money demand issue and the theoretical background of the analysis are described. The multi- and singl-equational models as a basis...

The character of the consumption function analysis in the Czech Republic is determined by short and non-stable period of the last ten years. The development of consumption in 1990 - 2000 can be divided into four partial different periods. The time series used in the econometric analysis are...