Tags → VAR

Monetary Policy in Transition: Structural Econometric Modelling and Policy Simulations.: May 15, 2007 09:53
This paper estimates a Bayesian structural VAR models for the Czech Republic and Poland, allowing for changes in parameters between the two monetary policy arrangements.

Monetary and Credit Policy No comments yet
Tags: monetary, policy, VAR, Czech, Poland
VAR-ing Monetary Policy in Poland: May 15, 2007 09:53
The paper makes an attempt to estimate the effects of monetary policy shocks on the economy.

Monetary and Credit Policy No comments yet
Tags: monetary, policy, VAR, Poland
Beyond borders: Reconsidering regional trade in Central Asia: May 15, 2007 09:54
This paper investigates barriers to trade in Central Asia, with a particular focus on price variations between tradable goods. It finds that while prices vary significantly across the region, variations within one country are just as large as variations across countries. The paper also finds that the borders with Uzbekistan are considerably more difficult to trade across than those with Kazakhstan or the Kyrgyz Republic.

Foreign Trade No comments yet
Tags: trade, Central, Asia, goods, variation, Uzbekistan, Kazakhstan, Kyrgyzstan
The Instrumental Weighted Variables. Part I. Consistency: January 18, 2008 17:22
A robust version of the method of Instrumental Variables accommodating the idea of an implicit weighting the residuals is proposed and its properties studied. (The idea of implicit weighting down the “suspicious” residuals was firstly employed by the method of the Least Weighted Squares, see V??ek (2000c).) It means that at first, it is shown that all solutions of the corresponding normal equations are bounded in probability. Finally, the weak consistency of them is proved.

Governance and Social Issues No comments yet
Tags: instrumental, variables, implicit, weighting
The Instrumental Weighted Variables. Part II. Square root of n-consistency: January 18, 2008 17:22
The definition of Instrumental Weighted Variables (IWV) (which is a robust version of the classical Instrumental Variables) and conditions for the weak consistency as given in the Part I of this paper are recalled. The reasons why the classical Instrumental Variables were introduced as well as the idea of implicit weighting the residuals (firstly employed by the Least Weighted Squares, see V??ek (2000)) are also recalled. Then square root of n-consistency of all solutions of the corresponding normal equations is proved.

Governance and Social Issues No comments yet
Tags: instrumental, variables, implicit, weighting
The Instrumental Weighted Variables. Part III. Asymptotic Representation.: January 18, 2008 17:23
The robust version of the classical instrumental variables, called Instrumental Weighted Variables (IWV) and the conditions for its square root of n-consistency as given in the Part I and II of this paper are recalled.

Governance and Social Issues No comments yet
Tags: instrumental, variables, implicit, weighting
The Effects of Monetary Policy in the Czech Republic: An Empirical Study: January 18, 2008 17:41
In this paper, we examine the effects of Czech monetary policy on the economy within VAR and the structural VAR framework. We document well-functioning transmission mechanism similar to the euro area countries, especially in terms of persistence of monetary policy shocks.

Monetary and Credit Policy No comments yet
Tags: monetary, czech, VAR, price, microeconomic