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Book Cover
Author Brůha, Jan, author

Title The convergence dynamics of a transition economy : the case of the Czech Republic / prepared by Jan Brůha, Jiří Podpiera and Stanislav Polák
Published [Washington, D.C.] : International Monetary Fund, [2007]
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Description 1 online resource (48 pages) : illustrations
Series IMF working paper ; WP/07/116
IMF working paper ; WP/07/116
Summary In this paper we develop a two-country dynamic general equilibrium model by means of which we seek to explain the long-run paths of a converging emerging market economy. We borrow a paradigm from the New Open Economy Macroeconomics literature and amend it to address specific features such as initial asymmetry in development and size of economies as well as different speed of capital accumulation. Using a calibration of productivity and deep parameters for the Czech economy we demonstrate the ability of the model to consistently replicate dynamics in key macroeconomic variables that are essential inputs for commonly used "gap models" in monetary policy routine. Based on the calibration we draw implications for future convergence of the Czech economy
Bibliography Includes bibliographical references (pages 45-48)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Equilibrium (Economics) -- Mathematical models.
Czech Republic -- Economic policy.
Form Electronic book
Author Podpiera, Jiří, 1976- author
Polák, Stanislav, 1962- author
International Monetary Fund. Office of the Executive Director.
ISBN 1283516462