The Convergence Dynamics of a Transition Economy : The Case of the Czech Republic /

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...

Description complète

Détails bibliographiques
Auteur principal: Bruha, Jan
Autres auteurs: Podpiera, Jiri, Polak, Stanislav
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2007.
Collection:IMF Working Papers; Working Paper ; No. 2007/116
Accès en ligne:Full text available on IMF
LEADER 01909cas a2200265 a 4500
001 AALejournalIMF009279
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451866803 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Bruha, Jan. 
245 1 4 |a The Convergence Dynamics of a Transition Economy :   |b The Case of the Czech Republic /  |c Jan Bruha, Jiri Podpiera, Stanislav Polak. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2007. 
300 |a 1 online resource (48 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Podpiera, Jiri. 
700 1 |a Polak, Stanislav. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2007/116 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2007/116/001.2007.issue-116-en.xml  |z IMF e-Library