Modifying IS-MP-IA Model for the Czech Economy

Modifikace IS-MP-IA modelu pro českou ekonomiku

Roman Hušek and Radka Švarcová

Acta Oeconomica Pragensia, 2007, vol. 2007, issue 1, 20-26

Abstract: Modifying IS-MP-IA model by using EU economic characteristics allows for better interpretation of the results. Specifically, from the point of view of the IS and MP curves we obtain useful information about the influence of EU economy on the Czech economy (i.e. on its GDP). We may conclude that the GARCH methodology seems to be a suitable tool for estimation of modified IS-MP-IA model and for subsequent anticipation expected development of basic macroeconomic variables, relevant for the Czech economy after its accession to EU.

Keywords: IS-MP-IA model; GARCH methodology; Maastricht criteria (search for similar items in EconPapers)
JEL-codes: C22 E50 F36 (search for similar items in EconPapers)
Date: 2007
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DOI: 10.18267/j.aop.34

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