The Czech economy in macroeconomic models

The introduction to Volume 52, Number 4 (and 5) of Finance a uver's selected topic: macroeconomic modelling in the Czech Republic. The authors introduce the issue with a survey of macroeconomic modelling in Czech economic literature. The journal's articles are mostly devoted to the results of the long-term activities of the Czech National Bank's monetary department and its external collaborates. Five papers are introduced that consider key Czech National Bank macroeconomic modeling tools: quarterly projection models, small macroeconomic models with interest-rate term structures, models estimating potential product via augmented Phillips curve, and estimates of the parameters of a small open-economy monetary model via the maximum-likelihood method.