Stability analysis by parameters of New Keynesian macroeconomic model

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VAŠÍČEK Osvald DAVID Stanislav

Rok publikování 2003
Druh Článek ve sborníku
Konference Mathematical Methods in Economics 2003
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
Obor Ekonomie
Klíčová slova Iterative Kalman filter smoother; zeros and poles; monetary policy
Popis This paper is focused on use of the New Keynesian closed economy macroecommic model for the illustration of the deeper relation between model parameters each other, which is important better understanding of dynamic properties of economic system. Parameters are characterized not by the economic sense, but there is also deeper relation, given by transfer function of the system. After analysis of the pole and zeros of the system it is possible to set new monetary policy rule.
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