Publication details

 

A Model of the Slovak Economy Integrated in a Monetary Union: The Portuguese Approach

Basic information
Original title:A Model of the Slovak Economy Integrated in a Monetary Union: The Portuguese Approach
Authors:Stanislav Tvrz, Jaromír Tonner, Osvald Vašíček
Further information
Citation:TVRZ, Stanislav, Jaromír TONNER a Osvald VAŠÍČEK. A Model of the Slovak Economy Integrated in a Monetary Union: The Portuguese Approach. In Seminar Odboru vyskumu Narodnej Banky Slovenska. 2012.Export BibTeX
@misc{972433,
author = {Tvrz, Stanislav and Tonner, Jaromír and Vašíček, Osvald},
booktitle = {Seminar Odboru vyskumu Narodnej Banky Slovenska},
keywords = {DSGE models; Bayesian methods},
language = {eng},
title = {A Model of the Slovak Economy Integrated in a Monetary Union: The Portuguese Approach},
year = {2012}
}
Original language:English
Field:Economy
Type:Vyžádané přednášky
Keywords:DSGE models; Bayesian methods

In this contribution, behaviour of the Slovak economy is modelled with use of a DSGE model of a small open economy integrated in a monetary union that is based on original Portuguese concept. The contribution deals with a bayesian estimation of the model on the Slovak data, Kalman filtration of the data, shock decompositions of the endogenous variables, conditional forecasts and forecast decomposition and impulse responses analysis. These tests should prove an ability of the model to be used as a tool for a monetary policy analysis and forecasting at the National Bank of Slovakia.