A DSGE Model of Slovakia with Frictional Labor Market and Monetary Regime Switch

ALBERTINI, J., KAMBER, G. and KIRKER, M. (2012). Estimated small open economy model with frictional unemployment. Pacific Economic Review, 17(2). pp. 326–353. DOI: 10.1111/j.1468-0106.2012.00585.x10.1111/j.1468-0106.2012.00585.xOpen DOISearch in Google Scholar

BERGHOLT, D. (2015). Foreign shocks. Working Paper Series, Number: 15/2015.Search in Google Scholar

BROOKS, S. and GELMAN, A. (1998). General methods for monitoring convergence of iterative simulations. Journal of Computational and Graphical Statistics, 7(4). pp. 434–455.Search in Google Scholar

CALVO, G. A. (1983). Staggered prices in a utility-maximizing framework. Journal of Monetary Economics, 12(3). pp. 383–398. DOI: 10.1016/0304-3932(83)90060-010.1016/0304-3932(83)90060-0Open DOISearch in Google Scholar

GRIFFOLI, T. M (2010). Dynare user guide: An introduction to the solution and estimation of DSGE models. Available from: http://www.dynare.org/documentation-andsupport/user-guide/Dynare-UserGuide-WebBeta.pdf.Search in Google Scholar

HODRICK, R. J. and PRESCOTT, E. C. (1980). Postwar U.S. Business Cycles: An Empirical Investigation. Tech. rep. Carnegie-Mellon University. Pittsburgh.Search in Google Scholar

HURTADO, S. (2013). DSGE Models and the Lucas Critique. Banco de Espana Working Paper No. 1310.10.2139/ssrn.2307888Search in Google Scholar

CHRISTOFFEL, K., KUESTER, K. and LINZERT, T. (2009). The Role of Labor Markets for Euro Area Monetary Policy. European Economic Review, 53, pp. 908–936. DOI: 10.1016/j.euroecorev.2009.04.00710.1016/j.euroecorev.2009.04.007Open DOISearch in Google Scholar

IRELAND, P. (2007). Changes in Federal Reserve’s Inflation Target: Causes and Consequences, Journal of Money, Credit and Banking, 39(8), pp. 1851–1882. DOI: 10.1111/j.1538-4616.2007.00091.x10.1111/j.1538-4616.2007.00091.xSearch in Google Scholar

JAKAB, Z. and KÓNYA, I. (2016). An estimated open-economy DSGE model with search and matching frictions: the case of Hungary. Emerging Markets Finance and Trade, 52(7). pp. 1606–1626.10.1080/1540496X.2014.1000174Open DOISearch in Google Scholar

KALMAN, R. E. (1960). A New Approach to Linear Filtering and Prediction Problems. Transactions of the ASME – Journal of Basic Engineering, 82 (Series D). pp. 35–45. DOI: 10.1115/1.366255210.1115/1.3662552Open DOISearch in Google Scholar

KEEN, B. and WANG, Y. (2007). What is a realistic value for price adjustment costs in New Keynesian models? Applied Economics Letters, 14(11). pp. 789–793. DOI: 10.1080/1350485060059273910.1080/13504850600592739Open DOISearch in Google Scholar

LUBIK, T. A. (2009). Estimating a Search and Matching Model of the Aggregate Labor Market. Economic Quarterly, 95(2). pp. 101–120.Search in Google Scholar

MORTENSEN, D. T. and PISSARIDES, C. A. (1994). Job creation and job destruction in the theory of unemployment. Review of Economic Studies, 61(3). pp. 397–415. DOI: 10.2307/229789610.2307/2297896Open DOISearch in Google Scholar

MÚČKA, Z. and HORVÁTH, M. (2015). Fiscal Policy Matters - A New DSGE Model for Slovakia. Council for Budget Responsibility. Discussion Paper No. 1/2015.Search in Google Scholar

NĚMEC, D. (2013). Investigating Differences between the Czech and Slovak Labour Market Using a Small DSGE Model with Search and Matching Frictions. Czech Economic Review, 7. pp. 21–41.Search in Google Scholar

PFEIFER, J. (2017). An Introduction to Graphs in Dynare. University of Cologne. Available from: https://sites.google.com/site/pfeiferecon/Pfeifer_2014_Dynare_graphs.pdf.Search in Google Scholar

ROTEMBERG, J. J. (1982). Monopolistic price adjustment and aggregate output. The Review of Economic Studies, 49(4). pp. 517–531.10.2307/2297284Open DOISearch in Google Scholar

ROTEMBERG, J. J. (2008). Cyclical wages in a search-and-bargaining model with large firms. In: NBER International Seminar on Macroeconomics, 2006, University of Chicago Press, pp. 65–114.Search in Google Scholar

SENAJ, M., VÝŠKRABKA, M. and ZEMAN, J. (2010). MUSE: Monetary Union and Slovak Economy model. NBS Working paper 1/2010.10.2139/ssrn.1878387Search in Google Scholar

TAYLOR, J. B. (1993). Discretion versus Policy Rules in Practice. Carnegie-Rochester Conference Series on Public Policy, 39(1). pp. 195–214. DOI: 10.1016/0167-2231(93)90009-L10.1016/0167-2231(93)90009-Open DOISearch in Google Scholar

TVRZ, S. and VAŠÍČEK, O. (2016). Structural changes in the Czech, Slovak and euro area economies during the Great Recession. Review of Economic Perspectives – Národohospodářský Obzor. 16(4), pp. 297–336. DOI: 10.1515/revecp-2016-001810.1515/revecp-2016-0018Open DOISearch in Google Scholar

ZEMAN, J. and SENAJ, M. (2009). DSGE model - Slovakia. National Bank of Slovakia, WP 3/2009.Search in Google Scholar