The article focuses on various aspects of specifi cation, estimation and identifi cation of vector autoregression (VAR) models. Key VAR-specifi c topics of verifi cation of an estimated model are also covered, as well as the differences between a standard (unrestricted) and structural VAR model....

For the purpose of monetary policy analyses dynamic multivariate models are usually applied. The reason is the presence of significant lags between an action and the appropriate effects in the economy. We use the concept of structural VAR models, widely used approach next to the DSGE and...

Modifying IS-MP-IA model by using EU economic characteristics allows for better interpretation of the results. Specifically, from the point of view of the IS and MP curves we obtain useful information about the influence of EU economy on the Czech economy (i.e. on its GDP). We may conclude that...

Estimation of the costs of disinflation policy is usually done using the sacrifice ratio (SR) coefficient. This paper provides two alternative estimates of SR for the Czech economy. The estimates are based on relatively simple, but transparent and verified models, i.e. their vector...

The production functions modelling is treated from econometric viewpoints. The class of the neo-classical production functions is described. Special attention is given to the so called CD and CES production functions. The estimates of the parameters from cross-sectional data are evaluated....

The article deals with possibilities of using an econometric analysis of features and behaviour of economic systems for approximation of quantity and evaluation of effects in different variants of economic tools uses for leading. Gradually it presented a ways of economy policy in dependency on...

In this paper probabilistic models have been proposed for learning and analysis about discrete choice behaviour. The first problem discussed in the article above is the specification and estimation of parameters of three models, the linear probability model and the nonlinear logit and probit...

Foreign direct investment (FDI) is an important phenomenon in international economic relations. Generally, FDI is studied from the point of view of capital and technology transfers to the recipient countries while respecting a basic fact that profit is the main investor's interest. In this paper...