Testing the New Keynesian Model on Czech data

被引：0

作者：

Kodera, Jan ^{[1
]}

Quang Van Tran ^{[1
]}

机构：

[1] Univ Econ, Prague Ctr Dynam Econ & Econometr, Prague 3, Czech Republic

来源：

PROCEEDINGS OF THE 29TH INTERNATIONAL CONFERENCE ON MATHEMATICAL METHODS IN ECONOMICS 2011, PTS I AND II | 2011年

关键词：

New Keynesian Model; Dynamic IS Curve; New Keynesian Phillips Curve; VAR Models;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

With inflation targeting regime, New Keynesian model provides an essential theoretical framework to central bankers. In its reduced version, the New Keynesian model consists of two fundamental equations: the dynamic IS curve which captures relationship among outputs, inflation and interest rates and new Phillips curve which describes the relationship of inflation as a nominal variable with a real economic variable. Though there have been numerous works both on monetary policy and on New Keynesian model, there still is a lack of knowledge how New Keynesian model fits well with real data. For this reason, in our work, we will test the validity of New Keynesian model on the real Czech economic data by using a VAR model.

引用

页码：339 / 344

页数：6