PŘÍSTUP SVAR K ODHADU PRODUKČNÍ MEZERY – APLIKACE PRO SLOVENSKOU EKONOMIKU

• Authors: Kloudová Dana

Title variants

EN

SVAR approach to estimating output gap – Application for Slovak economy

• Languages of publication: CS

Abstracts

EN

Although output gap belongs between important indicators of central banks, it is unobservable variable and it is difficult to measure it correctly. One of the methods of estimating output gap is structural VAR (SVAR) model. The purpose of this paper is analysis of SVAR models with two, three, four and five variables. It will be shown, that all four models will generate same business cycle and relative high correlation coefficient. Afterwards, output gaps estimated by SVAR models will be compared with output gap estimated by Hodrick-Prescott filter and it will be shown, that all five output gaps will generate the same cycle.

Keywords

EN

OUTPUT GAP; ESTIMATION; SVAR MODEL; SLOVAKIA

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2013
• Volume: 61
• Issue: 5
• Pages: 482 – 496

Contributors

author

Kloudová Dana

• Vysoká škola ekonomická v Praze, Národohospodářská fakulta, Katedra ekonomie, Nám. Winstona Churchilla 4, 130 67 Praha 3, Czech Republic