EconPapers    
Economics at your fingertips  
 

A Comparative Analysis of the Czech Republic and Hungary. Using small Continuous-Time Macroeconometric Models

Emil Stavrev ()

No 19, Transition Economics Series from Institute for Advanced Studies

Abstract: In this paper we estimate a continuous-time macroeconometric model of the Hungarian economy and compare it with the Czech model described in Stavrev (1998). On the basis of the estimated models we provide simulations and compare the results between the two countries for i) anti-inflationary policy; ii) monetary and fiscal policies; iii) the effect of different wage indexation schemes; iv) the effect of nominal wage rigidities and v) the effect of price and nominal wage freeze.

Keywords: Lucas critique; Policy simulations; Macroeconometric model; Anti-inflationary policy; Effectiveness of monetary and fiscal policies (search for similar items in EconPapers)
JEL-codes: C51 C52 C53 E17 E50 E52 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2000-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.ihs.ac.at/publications/tec/te-19.pdf First version, 2000 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ihs:ihstep:19

Ordering information: This working paper can be ordered from
Institute for Advanced Studies - Library, Josefstädterstr. 39, A-1080 Vienna, Austria

Access Statistics for this paper

More papers in Transition Economics Series from Institute for Advanced Studies Josefstädterstr. 39, A-1080 Vienna, Austria. Contact information at EDIRC.
Bibliographic data for series maintained by Doris Szoncsitz ().

 
Page updated 2020-11-21
Handle: RePEc:ihs:ihstep:19