A Comparative Analysis of the Czech Republic and Hungary. Using small Continuous-Time Macroeconometric Models

In this paper we estimate a continuous-time macroeconometric model of the Hungarian economy and compare it with the Czech model described in Stavrev (1998). On the basis of the estimated models we provide simulations and compare the results between the two countries for i) anti-inflationary policy; ii) monetary and fiscal policies; iii) the effect of different wage indexation schemes; iv) the effect of nominal wage rigidities and v) the effect of price and nominal wage freeze.

MoreLess

Year of publication:	2000-07
Authors:	Stavrev, Emil
Institutions:	Department of Economics and Finance Research and Teaching, Institut für Höhere Studien (IHS)
Subject:	Lucas critique \| Policy simulations \| Macroeconometric model \| Anti-inflationary policy \| Effectiveness of monetary and fiscal policies

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Transition Economics Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Institute for Advanced Studies. Transition Economics Series; 19 Number 19 31 pages
Classification:	C51 - Model Construction and Estimation ; C52 - Model Evaluation and Testing ; C53 - Forecasting and Other Model Applications ; E17 - Forecasting and Simulation ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005572036