The macro-financial linkages modelling for the Czech economy

被引：0

作者：

Polansky, Jiri ^{[1
]}

Tonner, Jaromr ^{[1
]}

Vasicek, Osvald ^{[2
]}

机构：

[1] Czech Natl Bank, Macroecon Forecasting Div, Prague 11503 1, Czech Republic

[2] Masaryk Univ, Fac Econ & Adm, Dept Econ, Brno 60200, Czech Republic

来源：

PROCEEDINGS OF 30TH INTERNATIONAL CONFERENCE MATHEMATICAL METHODS IN ECONOMICS, PTS I AND II | 2012年

关键词：

financial frictions; DSGE models; Bayesian methods;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The contribution presents and analyze the model with financial frictions. It is tailor-made for the Czech economy, and thus contains several features for capturing Czech stylized facts (a cascade of nominal rigidities, high openness, real exchange rate appreciation in consumer prices etc.). Linkages between real and financial sectors are incorporated via the state non-contingent debt-contracts within the financial accelerator. Also, the model contains shocks which hit financial variables and propagate through the model into real sectors. The empirical analysis is presented via results of the Bayesian estimation.

引用

页码：721 / +

页数：2

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