In this paper, we develop a small open economy New Keynesian dynamic stochastic
general equilibrium (DSGE) model to understand the relative importance of two key …

Abstract During the Great Financial Crisis several euro area Member States with current
account deficits were subject to sharp reversals of private capital flows. We examine how the …

Using the lens of a medium scale DSGE model, we analyze macroeconomic effects of
Japan's unconventional monetary policy which is known as Qualitative and Quantitative …

Cílem této práce je analýza aktuálních problémů spojených s bayesovskou identifikací
parametrů u dynamických stochastických modelů všeobecné rovnováhy. Konkrétněji se …

Abstract During the Great Financial Crisis several European countries-both inside and
outside the euro area-suffered sharp reversals of private capital inflows. We examine how …

A tighter monetary policy is generally associated with higher real interest rates on deposits
and loans, weaker performance of equities and real estate, and slower growth in …